Amazon $1 billion bond to be used for climate, social causes
Robert Besser
14 May 2021, 01:38 GMT+10
Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing
Global green bond issuances reached a record high of $270 billion at the end of 2020 and could reach $450 billion this year, according to Climate Bonds Initiative
The money raised through the sustainability bond is a small part of the total debt Amazon issued on Monday, at some $18.5 billion
SEATTLE, Washington: Joining the growing list of debt issuers tapping the market for green bonds, Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing.