Nissan gets $1.44 bln green loan for zero-emission mobility investments

Nissan Motor Co's logo is displayed at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo

TOKYO, Nov 30 (Reuters) - Japan's Nissan Motor Co (7201.T) has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the automaker said on Wednesday.

The syndicated loan was arranged by Mizuho Bank and MUFG Bank with contract periods of five and seven years, it said in a statement.

The funds will be used for research and development of zero-emission vehicles, components for electric vehicles, and other carbon-neutral initiatives, Nissan added.

($1=138.5700 yen)

Reporting by Rocky Swift; Editing by Clarence Fernandez

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