B of A issues $500 million “Green Bond”

In North Carolina, Bank of America announced that it has issued a “green bond” consisting of a three-year, fixed-rate bond that is $500 million in aggregate principal amount. This issuance of bonds is part of the company’s ongoing commitment to advance renewable energy initiatives and promote energy efficiency.

Bank of America’s green bond is a senior bond where the funds will be used specifically to finance green investments such as renewable energy and energy efficiency projects. The proceeds from this offering will be used in furtherance of Bank of America’s 10-year, $50 billion environmental business initiative to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions.

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