Bank of America Raises $2.25 Billion in Largest Green Bond Deal
(Bloomberg) -- Bank of America Corp. has issued a $2.25 billion bond to support clean energy projects, making it the largest so-called green bond issuance that the bank has done to date.
The Charlotte, North Carolina-based bank has now issued four corporate green bonds, raising a total of $4.35 billion for renewable energy projects since 2013.
“We’ve seen tremendous demand in the debt capital markets, with all four of our green bonds significantly oversubscribed,” Anne Finucane, a vice chairman at the company, said in the statement.
Read More: Green Bonds Issuance on Pace to Top $130 Billion in 2017: Chart
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