By SNW Asset Management via Iris.xyz
Apple Inc. brought their second green bond offering to market this month, raising $1 billion from investors through the issuance of these 10 year notes. The proceeds of this bond issue are earmarked for various energy efficiency and renewable energy projects, sustainability initiatives, and other green undertakings.
The company’s first foray into the green bond market was in 2016 when they raised $1.5 billion, the largest green bond issued by a U.S. company to date. Of the funds raised in 2016, $442 million were allocated to sixteen projects by the year’s end, ranging from recycling to renewable energy.
Since their introduction in 2007 green bonds have steadily been attracting attention from both issuers and investors.
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