BASF plans 120-MW heat pump to decarbonise Ludwigshafen site
Jul 04, 2022 13:00 CESTNovember 3 (Renewables Now) - Fifth Third Bancorp (NASDAQ:FITB) has settled the issuance of a USD-500-million (EUR 432m) green bond in its first such offering.
The Cincinnati, Ohio-based indirect parent of Fifth Third Bank said on Monday that it will use the proceeds to finance eligible green projects, including in the field of green buildings, renewable energy, energy efficiency and clean transportation.
Fifth Third noted that this issuance makes it the first US financial institution with less than USD 250 billion in assets to issue an Environmental, Social and Governance (ESG)-linked bond of any type.
“Our Green Bond enables us to provide liquidity to our customers in their transition to a sustainable future as well as additional investment opportunities to our investors to meet their investment objectives,” commented Jamie Leonard, executive vice president and chief financial officer at Fifth Third Bancorp.
The offering was led by JP Morgan Securities LLC, Fifth Third Securities Inc and Citigroup Global Markets Inc.
Last year, Fifth Third became the first regional, commercial bank to become carbon neutral when it comes to its own operations, including greenhouse gas emissions from bank-owned facilities and business travel.
(USD 1.0 = EUR 0.863)
BASF plans 120-MW heat pump to decarbonise Ludwigshafen site
Jul 04, 2022 13:00 CESTSonnedix, Statkraft ink PPA for 50-MW solar farm in Spain
Jul 04, 2022 12:59 CESTOrbital Marine Power gets GBP 8m in operational finance
Jul 04, 2022 12:58 CESTStatkraft starts building 58-MW wind farm in Ireland
Jul 04, 2022 11:45 CESTNeoenergia wins lots in Brazil's transmission auction
Jul 04, 2022 10:41 CESTGWEC increases offshore wind outlook, 21.1 GW added in 2021
Jul 04, 2022 10:40 CEST