Verizon Communications issued a US$1bn green bond, with proceeds used for renewable energy investments.

The deal was managed by four minority owned and women owned firms and Wells Fargo.

The four firms were Castle Oak, Loop, Ramirez & Co, and Siebert Williams Shank.

As part of Verizon’s Green Bond Framework, thhe firm committed to only use underwriters that have impactful commitments to supporting the United Nations Sustainable Development Goals (SDGs) or are diverse owned or have core mission to prioritise diversity, equity and inclusion.

The deal fees were split equally across the five firms.