Apple issues $2.2 billion EU bond to help fund carbon footprint reductionIt's one of the largest corporate issues of "environmentally-friendly debt" in the region.
What you need to know
Apple has sold 2 billion euros in EU green bonds.
According to reports Apple plans to use the proceeds to further reduce its carbon footprint.
It will also focus on greener materials and the conservation of resources.
A report from Bloomberg has revealed that Apple has sold 2 billion euros of "green bonds" in Europe, the proceeds of which it plans to use to further reduce its carbon footprint.
According to the report:
Apple Inc. joined Europe's booming market for green bonds with one of the largest-ever corporate issues of environmentally-friendly debt in the region.
The iPhone maker sold 2 billion euros ($2.2 billion) of six and 12-year bonds on Thursday, according to data compiled by Bloomberg. It will use proceeds to reduce its carbon footprint, use greener materials in its products and conserve resources.
The report notes that this is one of the largest o...
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Apple issues $2.2 billion EU bond to help fund carbon footprint reduction
