08/26/2020|Financial|Corporate

Verizon completes final allocation of its first Green Bond

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Nearly $1 billion of net proceeds allocated among renewable energy, energy efficiency, green buildings and biodiversity and conservation

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BASKING RIDGE, N.J. Today, Verizon issued its Green Bond Report, detailing the full allocation of the nearly $1 billion of net proceeds from its first green bond.

The Green Bond Report outlines the eligible green investments to which the net proceeds of the bond have been allocated, including $637 million to renewable energy, $319 million to green buildings, $37 million to energy efficiency and $1 million to biodiversity and conservation.

Verizon became the first U.S. telecom company to issue a green bond back in February 2019. The Green Bond Report can be found on the company’s fixed income investor relations site. The website address is https://www.verizon.com/about/investors/reporting

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