Kellogg Co. Prices First Sustainability Bond
04:42 PM EDT, 05/11/2021 (MT Newswires) -- Kellogg Co. (K) said Tuesday it priced an eight-year sustainability bond worth 300 million euros, which bears an interest coupon of 0.50%.
Net proceeds will be used to back the company's "Better Days" commitment to addressing well-being, hunger relief, and climate resiliency by 2030. Moreover, an amount equivalent to the net proceeds will be used to finance or refinance projects related to sustainable food systems and water, renewable energy, green buildings, and wastewater management, among others.
Price: 67.15, Change: 0.00, Percent Change: 0.00