Citigroup Issues €1B Green Bond to Fund Renewable Energy and Conservation Efforts

green bond by Citigroup

On Tuesday, January 22, Citigroup announced the issuance of its inaugural green bond, to be used for funding renewable energy, sustainable transportation, water quality and conservation, energy efficiency and green building projects. The bond was issued via €1 billion ($1.1 billion) three-year fixed-rate notes as part of Citi’s $100 billion environmental finance goal, under which the bank has committed to financing and facilitating $100 billion over 10 years to support renewable energy and conservation efforts. The company also announced on Tuesday that it will source renewable energy for 100 percent of its global energy needs by 2020.

For more information regarding green bonds, contact Phillip Hoover or Vickie Rusek.

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