Verizon closes 5th USD-1bn green bond

• US telecoms group Verizon Communications Inc (NYSE: VZ) has actually shut the issuance of USD 1 billion (EUR 913m) well worth of green bonds, raising money for investments in renewable resource.

With the latest deal, the New York-based business has elevated a total of USD 5 billion through five green bond issuances since 2019, a news release claimed on Tuesday.

Verizon has partnered with Wells Fargo Securities and also 4 minority- as well as women-owned firms as lead underwriters for this latest offering, including CastleOak Securities LP, Loop Capital Markets, Ramirez & Co Inc and Siebert Williams Shank.

The previous such offering was cleared up in March 2022, while in February 2023 the telecoms conglomerate revealed having actually totally alloted the internet earnings from it. A lot more especially, the funds were spent totally on virtual power purchase agreements (VPPAs) for an aggregate of 850 MW of brand-new renewable energy creating capacity, of which regarding 71% is wind power as well as 29% is solar.