Verizon's Green bond debut opens up new funding channel

摘要

Telecoms giant VERIZON sourced a new avenue for funding at attractive rates on Tuesday with its first ever Green bond issue -still a rare type of security in the US market. The company raised US$1bn from the 10-year offering, and was able to price it flat to its curve as investors with environmental, social and governance mandates proved hungry for a Green bond from a large corporate name.