Hyundai taps Green bonds to fuel hybrid ambitions

Hyundai has become the first carmaker globally to issue conventional US dollar-denominated Green bonds, a sign that more companies are tapping the nascent but growing market to fund environmentally friendly businesses. Hyundai Capital Services (Baa1/A-/BBB+), the Korea-based auto financing and leasing arm of the Hyundai conglomerate, which is the umbrella group for Hyundai and Kia Motors, followed a…