Mercedes-Benz has issued its first Green Asset-Backed Security (ABS) in China as part of its sustainable finance strategy. The issuance aims to finance new retail loan business for Battery Electric Vehicles (BEVs) in China. This Green ABS aligns with China’s domestic Green Bond standards, with a total issuance size of RMB 765 million (€100 million) and a coupon rate of 1.87%.
- Source, Published on July 5, 2024
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