Verizon completes final allocation of its first Green Bond

Verizon has released its Green Bond Report, detailing the allocation of nearly $1 billion raised through its first green bond issuance.

Rhea-AI Summary

Verizon has released its Green Bond Report, detailing the allocation of nearly $1 billion raised through its first green bond issuance. The report indicates investments of $637 million in renewable energy, $319 million in green buildings, $37 million for energy efficiency, and $1 million for biodiversity and conservation. Verizon was the first U.S. telecom to issue a green bond in February 2019. The report is accessible on their investor relations site, highlighting Verizon's commitment to sustainability as it celebrates 20 years of operation.

Positive

• Successful allocation of nearly $1 billion from the first green bond, demonstrating strong commitment to sustainability.
• Investments directed towards significant areas: $637 million in renewable energy, reflecting an investment in future energy solutions.

Negative

• None.

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BASKING RIDGE, N.J., Aug. 26, 2020 (GLOBE NEWSWIRE) -- Today, Verizon issued its Green Bond Report, detailing the full allocation of the nearly $1 billion of net proceeds from its first green bond. 

The Green Bond Report outlines the eligible green investments to which the net proceeds of the bond have been allocated, including $637 million to renewable energy, $319 million to green buildings, $37 million to energy efficiency and $1 million to biodiversity and conservation.

Verizon became the first U.S. telecom company to issue a green bond back in February 2019. The Green Bond Report can be found on the company’s fixed income investor relations site. The website address is https://www.verizon.com/about/investors/reporting

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Kim Ancin
kimberly.ancin@verizon.com
908.801.0500

Eric Wilkens
eric.wilkens@verizon.com
201.572.9317

FAQ

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What are the key allocations in Verizon's Green Bond Report?

Verizon allocated $637 million to renewable energy, $319 million to green buildings, $37 million to energy efficiency, and $1 million to biodiversity and conservation.

When did Verizon issue its first green bond?

Verizon issued its first green bond in February 2019.

How much did Verizon raise through its green bond issuance?

Verizon raised nearly $1 billion through its first green bond issuance.

Where can I find Verizon's Green Bond Report?

The Green Bond Report can be found on Verizon's fixed income investor relations site.