Tag: Green Bond

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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