Prudential to Issue Green Bonds
March 11, 2020 by Allison Bell
Prudential Financial Inc. is offering a $500 million green bond issue along with a $1 billion conventional bond issue.
Proceeds from the green bond issue will go toward existing or future investments in renewable energy, green buildings, environmentally sustainable management of living natural resources and land use, energy efficiency, clean transportation, sustainable water and wastewater management, and pollution prevention and control, Prudential says.
Sustainalytics, an outside firm, has verified that Prudential’s Green Bond Framework is consistent with the International Capital Market Association’s Green Bond Principles, Prudential says