Apple issues $1 billion green bond to fund clean energy

On the heels of the US exit from the Paris Climate Accords, Apple has issued a $1 billion green bond to fund investment in renewable energy, Bloomberg reports. The company issued a $1.5 billion green bond last year and is now adding to that total with a second round, planning to use the proceeds to bankroll efforts to increase energy efficiency and build up renewable energy resources in the hopes of creating a “closed-loop supply chain” where products are made using only renewable resources and recycled materials, according to a statement. The bonds are expected to mature in 2027 and yield 95 to 100 basis points more than Treasuries, according to a person with knowledge of the matter.

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Dan Pye was a news editor at iLounge. He's been involved with technology his whole life, and started writing about it in 2009. He's written about everything from iPhone and iPad cases to Apple TV accessories.