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.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

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

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