Toyota Financial Services’ diversity and inclusion bonds total $3 billion so far

Rodolfo Schellin

PLANO, Texas — Toyota’s captive finance firm has quietly used a intelligent way to insert some heft to the automaker’s broad variety efforts, employing bond troubles led exclusively by minority- and gals-owned money corporations to enhance their profiles although providing purchasers access to beneficial offerings.

Toyota Financial Companies, which serves Toyota and Lexus purchasers — and now Mazda customers as well underneath a licensing agreement — has been issuing “Diversity & Inclusion Bonds” because 2013. Final yr, the firm issued a fifth, $750 million tranche of two-yr, mounted-level D&I bonds to underwrite its ongoing client lending, and it will continue on to do so going forward, Mark Templin, the captive’s CEO, explained to Automotive Information in June.

“We’ve experienced terrific results with our D&I bonds,” he claimed, adding that the firm experienced issued much more than $3 billion in D&I bonds about the past 8 many years.

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