Environmental sustainability technologies to benefit from green bonds

Clean transportation, renewable energy, sustainable water and circular economy adapted products could benefit from the net proceeds of a $400 million green bond issued by Analog Device Inc (ADI).

The company’s green bond issuance consisted of a $400 million aggregate principal amount of 2.950% senior unsecured notes due April 2025. For ADI, this is the first successful closing of a green bond offering in the semiconductor industry. The net proceeds of this green bond could be used to finance, or refinance, the development of a number of eligible environmental technologies. For ADI, the technologies must offer sustainability benefits, furthering the company’s commitment to environmental sustainability.

Technologies are eligible if they could help protect and regenerate the environment and if they are in alignment with the United Nations’ own sustainable development goals. Technologies ADI identifies as eligible are, renewable energy, energy efficiency, green buildings, eco-efficient production, sustainable water and wastewater management, pollution prevention and clean transportation.

Read More:

Full Article