Tag: Green Bond

PepsiCo Provides Update on US$1 Billion Green Bond

Stuart Mitchell

PepsiCo, Inc. has released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond’s net proceeds are to be allocated to investments where PepsiCo believes it can make a lasting impact on priorities within its sustainability agenda, including packaging, decarbonization and water, while advancing several of the UN’s Sustainable Development Goals. PepsiCo was one of the first corporations in the food and…

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Xylem Closes $1 Billion Inaugural Green Bond

Stuart Mitchell

Xylem Inc. has announced the successful closing of its inaugural green bond offering of $1 billion in senior unsecured notes. The offering, which received strong support in the market, consisted of $500 million of 1.950% senior notes due in January 2028 and $500 million of 2.250% senior notes due in January 2031. The proceeds will fund green projects that help improve water accessibility, water affordability, and water systems resilience, in alignment with Xylem’s Green Finance Framework. “Solving the world’s toughest water challenges already puts sustainability at the heart of our business,…

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Scotiabank Boosting Sustainability Commitment with Closing of Inaugural Green Bond Offering

Stuart Mitchell

The Bank of Nova Scotia has announced the closing of its inaugural USD 500 million 3.5-year Green Bond offering (the Green Bonds), boosting its commitment to Sustainable Business and creating a better future for all. The net proceeds from the Green Bond offering will be used to fund the financing or refinancing, in whole or in part, of eligible green assets, which refer to new or existing assets, businesses or projects that meet the Scotiabank Green Bond Framework Eligibility Criteria, including renewable energy, clean transportation and green buildings. Other areas…

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Verizon closes on U.S. telecom industry’s first Green Bond to fund environmental initiatives

Stuart Mitchell

Verizon Communications Inc. has announced the close of the U.S. telecommunications industry’s first Green Bond. An amount equal to the net proceeds of the $1 billion offering will be used to fund a variety of new and existing green investments made during the two years prior to the issuance of the Green Bond through the maturity of the Green Bond. A majority of the funds are anticipated to be allocated within three years, supporting Verizon’s long-term commitment to minimize its environmental impact, drive operating efficiencies and benefit the communities it…

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