JPMorgan joins green bond market with $1bn offering
Proceeds will be used to fund eligible sustainable projects, which may include green buildings and renewable energy
09 September 2020 - 17:56
New York — JPMorgan Chase, the biggest US bank by assets, is issuing bonds to finance environmentally friendly projects for the first time.
The New York-based lender is selling $1bn in green bonds maturing in four years, according to a person with knowledge of the matter. The offering may yield 0.65 percentage points above Treasuries, said the person, who asked not to be identified as the details are private. JPMorgan is the sole manager of the bond sale, the person said...
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