Verizon completes final allocation of its first Green Bond

BASKING RIDGE, N.J., Aug. 26, 2020 (GLOBE NEWSWIRE) — Today, Verizon issued its Green Bond Report, detailing the full allocation of the nearly $1 billion of net proceeds from its first green bond.

The Green Bond Report outlines the eligible green investments to which the net proceeds of the bond have been allocated, including $637 million to renewable energy, $319 million to green buildings, $37 million to energy efficiency and $1 million to biodiversity and conservation.

Verizon became the first U.S. telecom company to issue a green bond back in February 2019. The Green Bond Report can be found on the company’s fixed income investor relations site. The website address is https://www.verizon.com/about/investors/reporting

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

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Media contact:
Kim Ancin
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908.801.0500

Eric Wilkens
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201.572.9317