Finance - September 10, 2021
Walmart Issues First-Ever Green Bond at $2 Billion
Walmart announced Sept. 8 the pricing of its first-ever green bond, set at $2 billion.
The green bond offering will be used to fund investments in areas of renewable energy, high-performance buildings, sustainable transport, zero waste and circular economy, water stewardship and habitat restoration and conservation.
Walmart plans to issue a public report on the allocation and the estimated impact of these investments on an annual basis until the net proceeds of the green bond have all been allocated.
The green bond is part of $7 billion of new senior unsecured notes that Walmart successfully priced across 5-, 7-, 10-, 20- and 30-year tranches.
A third-party consultant confirmed the alignment of the eligibility criteria established for the projects to be funded with the Green Bond Principles, while Walmart’s external auditor EY will provide an assurance report on each allocation report.
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