{"id":11020,"date":"2022-11-25T13:52:08","date_gmt":"2022-11-25T13:52:08","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=11020"},"modified":"2022-11-25T13:52:10","modified_gmt":"2022-11-25T13:52:10","slug":"mercedes-benz-becomes-first-automotive-company-to-issue-a-green-panda-bond-in-china","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/mercedes-benz-becomes-first-automotive-company-to-issue-a-green-panda-bond-in-china\/","title":{"rendered":"Mercedes-Benz Becomes First Automotive Company to Issue a Green Panda Bond in China"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-11020\" data-postid=\"11020\" class=\"themify_builder_content themify_builder_content-11020 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Mercedes-Benz announced today the issuance of a RMB 500 million (\u20ac68 million) Green Panda Bond in China, the company\u2019s first green bond offering outside of the European market.<\/p>\n\n\n\n<p>Green Panda Bonds are bonds issued in mainland China by foreign issuers, with proceeds allocated to green projects or assets. According to Mercedes-Benz, the offering marks the first green panda bond issuance by an automotive company.<\/p>\n\n\n\n<p>Mercedes-Benz said that the proceeds from the offering will be used for financing new customer leasing contracts with Battery Electric Vehicles. Last year, the automaker&nbsp;<a href=\"https:\/\/www.esgtoday.com\/mercedes-benz-to-invest-e40-billion-through-2030-in-move-to-go-all-electric\/\">announced<\/a>&nbsp;plans to electrify its automotive fleet, including a goal to go all-electric by 2030, where market conditions allow.&nbsp;Mercedes-Benz\u2019s Ambition 2039 strategy envisions the company offering a <a href=\"https:\/\/www.esgtoday.com\/mercedes-benz-targets-carbon-neutral-supply-chain\/\">carbon neutral car fleet<\/a> by the end of next decade.<\/p>\n\n\n\n<p>Earlier this year, the company said that it would&nbsp;<a href=\"https:\/\/www.esgtoday.com\/mercedes-benz-unveils-esg-plans-to-cut-emissions-in-half-by-2030-ramp-use-of-sustainability-linked-finance\/\">increase its use of green and sustainability-linked finance instruments<\/a>, as it unveiled a new series of climate goals, including plans to cut CO2 emissions per passenger car by more than 50% by 2030.<\/p>\n\n\n\n<p>Steffen Hoffmann, Head of Treasury and Investor Relations of Mercedes-Benz Group AG, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cThe first Mercedes-Benz Green Panda Bond shows our ambition to further expand our sustainable finance strategy to our important growth regions around the globe.\u201d<\/p><\/blockquote>\n\n\n\n<p>The company indicated that demand for the panda green bond was strong, with the offering more than 3x oversubscribed. The bond was issued with a two year term and an annual coupon of 2.9%.<\/p><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Mercedes-Benz announced today the issuance of a RMB 500 million (\u20ac68 million) Green Panda Bond in China, the company\u2019s first green bond offering outside of the European market. Green Panda Bonds are bonds issued in mainland China by foreign issuers, with proceeds allocated to green projects or assets. According to Mercedes-Benz, the offering marks the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":11021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mercedes-Benz Becomes First Automotive Company to Issue a Green Panda Bond in China - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/mercedes-benz-becomes-first-automotive-company-to-issue-a-green-panda-bond-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes-Benz Becomes First Automotive Company to Issue a Green Panda Bond in China - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Mercedes-Benz announced today the issuance of a RMB 500 million (\u20ac68 million) Green Panda Bond in China, the company\u2019s first green bond offering outside of the European market. Green Panda Bonds are bonds issued in mainland China by foreign issuers, with proceeds allocated to green projects or assets. 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