Alphabet Raises 10B With The Biggest Cheapest Bond Sale In Its History
The company pledged to use $4.5 billion for corporate moves, like acquisitions, and funnel the other $5.5 billion into environmental and social initiatives. Alphabet said the latter represents “the largest sustainability or green bond by any company in history.” “Although a number of companies have issued green bonds (directed solely to environmental uses), sustainability bonds differ in that their proceeds support investment in both environmental and social initiatives,” said Alphabet in a statement....