Mastercard Issues 10-Year $600 Million Sustainability Bond
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 firstname.lastname@example.org
(END) Dow Jones Newswires
March 03, 2021 08:40 ET (13:40 GMT)
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