Apple issued a $1 billion green bond to fund renewable energy generation today, reports Bloomberg. This follows a $1.5 billion bond the company sold a year ago to pursue a goal of getting 100% of its operations on renewable energy.
The bonds, maturing in 2027, will yield 95 to 100 basis points more than Treasuries, according to a person with knowledge of the matter, who asked not to be named because the deal is private. They are expected to be rated Aa1, the person said.
The sale was arranged by Bank of America, Goldman Sachs, and JPMorgan Chase.
Apple is also trying to get 100% of its supply chain to move to 100% renewable energy. The company has committed to helping its suppliers bring 4 gigawatts of renewable power online by 2020. That’s 4 billion watts.
You can learn more about Apple's initiatives here.
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The bonds, maturing in 2027, will yield 95 to 100 basis points more than Treasuries, according to a person with knowledge of the matter, who asked not to be named because the deal is private. They are expected to be rated Aa1, the person said.
The sale was arranged by Bank of America, Goldman Sachs, and JPMorgan Chase.
Apple is also trying to get 100% of its supply chain to move to 100% renewable energy. The company has committed to helping its suppliers bring 4 gigawatts of renewable power online by 2020. That’s 4 billion watts.
You can learn more about Apple's initiatives here.
Read More