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Panasonic bonds sale to raise cash for TESLA Gigafactory.

Fri, 08/19/2016 - 12:22 -- paul Crompton
Panasonic bonds sale to raise cash for TESLA Gigafactory.

Battery giant Panasonic is going to issue straight bonds worth up to 400 billion yen ($3.86 billion) in a bid to raise money to develop its business.

The Japanese company is releasing the corporate bonds in part to bring forward its investment in Tesla Motors’ ‘gigafactory’, reported newswire Reuters.

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