Toyota Motor Corp. is borrowing US$2.5 billion through its finance company to help support the sale of clean cars, marking the first U.S. corporate green bond deal this year.

Toyota Motor Credit Corp. is selling the debt in as many as three parts, according to a person with knowledge of the matter. Only the 10-year security will be green, and it will yield 65 basis points (bps) above Treasuries, after initially discussing in the high 70 bps range, the person said, asking not to be identified as the details are private. Toyota will cap the green portion of the deal at $750 million, the person said.

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