Intel Reinforces Sustainability Commitment with Inaugural $1.25 Billion Green Bond Offering
Intel today announced the pricing of its inaugural green bond issuance, totaling $1.25 billion. The net proceeds of the green bond offering will be used to fund eligible projects in six key areas that support Intel’s sustainability goals, including green buildings, energy efficiency, circular economy and waste management, greenhouse gas emissions reductions, water stewardship, and renewable electricity. The green bond is part of a $6 billion overall debt public offering, and the proceeds from the remainder of the offering will be used for general corporate purposes including but not limited to refinancing of outstanding debt, funding for working capital and capital expenditures.
Intel’s first-ever green bond aligns our financing priorities with our commitment to sustainable business practices. It will help us advance the goals we have undertaken in our RISE 2030 framework, including our commitment to net-zero greenhouse gas emissions across global operations by 2040, and enable us to accelerate investment in areas where we can have significant and immediate impact on global environmental issues.”