By Maitane Sardon


Mastercard Inc. said Wednesday that it has issued a 10-year $600 million bond tied to its sustainability goals.

The digital-payments company said the proceeds from the bond will help it achieve its goal of reaching net-zero emissions by 2050 and improving financial inclusion. Mastercard has promised to bring 1 billion people and 50 million small businesses into the digital economy by 2025.

The 10-year bond will pay interest semi-annually at a fixed rate of 1.90%, Mastercard said.

The company expects to allocate the net proceeds from the sustainability bond to specific initiatives within three years of the transaction, it said.


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(END) Dow Jones Newswires

March 03, 2021 08:40 ET (13:40 GMT)

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