Bloomberg

Pepsi tries to take green mainstream with sustainable bond sale

Pepsi plans to invest the proceeds in sustainable development goals as defined by the United Nations, including eco-friendly plastics and packaging and cleaner transportation. Foto: AP Photo/Toby Talbot Foto: Toby Talbot/AP

PepsiCo is joining the charge to make green bonds more mainstream as the soda giant embarks on its debut sale of the debt.

The company is offering senior unsecured green securities, according to a filing Monday. The 30-year bonds may yield around 95 basis points above Treasuries, after initially discussing around 110, according to a person with knowledge of the matter, who asked not to be identified as the details are private...

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