Apple Sells 2 Billion-Euro Green Bond in Europe

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Apple Inc. joined Europe’s booming market for green bonds with one of the largest-ever corporate issues of environmentally-friendly debt in the region.

The iPhone maker sold 2 billion euros ($2.2 billion) of six and 12-year bonds on Thursday, according to data compiled by Bloomberg. It will use proceeds to reduce its carbon footprint, use greener materials in its products and conserve resources.

Source: Bloomberg