Bank of America issues $500M ‘green bond’

“BofA’s green bond is a three-year, fixed-rate bond that’s $500 million in aggregate principal amount. The bank says it’s a senior bond with funds dedicated to finance green investments that further its 10-year, $50 billion environmental commitment. Bank of America viewed this issuance as an opportunity to expand its investor base and to support an important market as investors seek more socially responsible investment options,” the company said Thursday in its announcement about the bond.”–

 

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