Benzinga | Sep 8, 2021 09:01AM EDT

Verizon Raises $1B Via Green Bond Offering For Third Time

* Verizon Communications Inc (NYSE:VZ) priced its third green bond offering of $1 billion on September 3.

* The proceeds will serve renewable energy as Verizon continues to enter into long-term virtual power purchase agreements (VPPAs), which support solar and wind power construction.

* The offering follows the total allocation of its second green bond on renewable energy commitments.

* Verizon held $141.6 billion in unsecured debt balance at the end of Q2 2021.

* Verizon appointed Morgan Stanley as one of its four lead underwriters.

* Price Action: VZ shares traded higher by 0.13% at $54.89 in the premarket session on the last check Wednesday.