Finance

VW Follows Daimler With Green-Bond Cost Savings in Debut Deal

Bids for 2 billion-euro VW deal peaked above 11 billion euros
Automakers sold greens bonds cheaper than conventional debt

An electric automobile symbol sits on an employee parking lot space at the Volkswagen AG headquarter factory in Wolfsburg.
Photographer: Krisztian Bocsi/Bloomberg

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By Priscila Azevedo Rocha and Paul Cohen

September 16, 2020 at 8:26 AM UTC

Updated on

September 16, 2020 at 4:33 PM UTC

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Volkswagen AG made its green-bond debut about two weeks after Daimler AG, tapping a booming market to raise low-cost funds for the shift to electric vehicles.