Apple, which issued the biggest green bond ever sold by a U.S. corporation last year to finance projects fighting global warming, is doing it again.
On Tuesday, the iPhone maker sold a $1 billion green bond to fund renewable energy generation. It builds on $1.5 billion worth of bonds the company sold a year ago to further its goal of running 100% of its operations on renewable energy.
The bonds, maturing in 2027, will yield 95 to 100 basis points more than Treasuries, according to a person with knowledge of the matter, who asked not to be named because the deal is private. They are expected to be rated Aa1, the person said.
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