Banks push the ESG envelope in dollars

By David Rothnie
25 Sep 2020

Bank of America and Toronto Dominion tapped into investor demand for bonds linked to environmental, societal and governance (ESG) projects this week.

Bank of America Corp hit the market on Tuesday with a $2bn five-year non-call four bond, structured with a fixed-to-floating interest rate. 

The offering had both green and social credentials. It was marketed as a sustainability bond with proceeds earmarked to help reduce inequalities in Black and ...

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