Verizon Raises $1B Via Green Bond Offering For Third Time

September 8, 2021 9:01 AM | 1 min read | Make a Comment

Verizon Communications Inc VZ priced its third green bond offering of $1 billion on September 3.
The proceeds will serve renewable energy as Verizon continues to enter into long-term virtual power purchase agreements (VPPAs), which support solar and wind power construction.
The offering follows the total allocation of its second green bond on renewable energy commitments.
Verizon held $141.6 billion in unsecured debt balance at the end of Q2 2021.
Verizon appointed Morgan Stanley as one of its four lead underwriters.
Price Action: VZ shares traded higher by 0.13% at $54.89 in the premarket session on the last check Wednesday.