Verizon completes final allocation of its first Green Bond

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Eric Wilkens

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

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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