Dealflow | August 11, 2020

Visa and Alphabet issue more than $6 billion in green bonds

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, August 11 – The proceeds from Visa’s $500 million green bond issuance are slated for investments in green buildings, renewable energy, water and wastewater management and sustainable living initiatives.

Google parent Alphabet claims its $5.8 billion sustainability bond is the largest-ever issuance by a company. Sustainable bonds “are an emerging asset class,” said Google CFO Ruth Porat. “We hope this transaction will help develop this new market.”

Also, Franklin Templeton last week debuted a Municipal Green Bond Fund to invest in green bonds from cities, states and water, sewer and transportation agencies, as well as universities and hospitals.