Motability Sells Debt for First Time Since Drawing Scrutiny

Motability Operations Group Plc tapped the public debt market for the first time since criticism of its business model led to government intervention.

The London-based firm, which leases cars to people on mobility benefits in the UK, sold an €850 million 12-year social bond at 120 basis points above mid-swaps, according to a person familiar with the matter who asked not to be identified.