News Headline
Verizon closes on U.S. telecom industry’s first Green Bond to fund environmental initiatives
Source
Verizon Digital Media Service
Publication Date
2019-02-08
Verizon Communications Inc. (NYSE, Nasdaq: VZ) today 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 serves.