Verizon Is Raising $1 Billion in Its Sixth Green Bond Since 2019
- Hires minority debt underwriters Loop, Ramirez and Siebert
- Sustainable-bond sales saw the busiest January on record
A Verizon store in New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Verizon Communications Inc. has borrowed $1 billion from the green-bond market for the sixth time since 2019.
The telecommunications giant sold bonds in one portion, 30-year securities yielding 1.15 percentage point above Treasuries, according to a person with knowledge of the matter. Initial talks were in the area of 1.4 percentage point, said the person, who asked not to be identified as the details are private.