Verizon Issues First US Telecom Green Bond (Press Release)

Verizon Issues First US Telecom Green Bond (Press Release)

On February 8, Verizon Communications Inc. announced the close of the U.S. telecommunications industry’s first Green Bond.

An amount equal to the net proceeds of the US$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 serves.

For more details on this transaction, please click here to read the original press release.

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