Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Prudential to Issue Green Bonds

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Prudential Financial Inc. is offering a $500 million green bond issue along with a $1 billion conventional bond issue.

(Related: The Muni Bond Market’s Biggest Credit Risk: Climate Change)

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.

In related news, Prudential says it will use the net proceeds from the conventional debt offering for general corporate purposes, such as refinancing debt.

Prudential has $1.15 billion in debt maturing this year, and $400 million in debt maturing in 2021.

— Read The Growing Global Supply of Green Bonds, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.