Verizon to raise US$1bil in its sixth green bond since 2019

The telecommunications giant sold bonds in one portion, 30-year securities yielding 1.15 percentage point above US Treasuries. — Bloomberg

New York: Verizon Communications Inc has borrowed US$1bil 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 US 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 were private.