PepsiCo announces $1.25B green bond
PepsiCo (NASDAQ:PEP) on Wednesday announced the closing of a new $1.25B 10-year green bond.
PEP will use an amount equivalent to the net proceeds from the offering to fund eligible green projects.
The new bond is PEP's second, with $858M in equivalent proceeds from the first $1B green bond allocated to green projects across 6 continents.
These projects work on sustainable plastics and packaging, decarbonization of operations and supply chain, and water sustainability.