Google parent Alphabet borrowed $10 billion via its biggest — and cheapest — corporate bond sale ever on Monday. 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. [Read: Big Tech told Congress there’s loads of competition. This chart says otherwise]…
This story continues at The Next Web
Or just read more coverage about: Alphabet
from The Next Web https://ift.tt/2DzTLQO
