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This is the bank’s eighth environment, social and governance factors (ESG) themed corporate bond and the first of its kind aimed at advancing racial equality, the bank said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=
An amount equal to the net proceeds from the offering will be set aside for social and environmental purposes, and projects include financing, leasing and investments that support the transition to a low-carbon economy, the bank said.
In June, the investment bank had pledged $1 billion to help communities across the United States address economic and racial inequality.
Earlier this week, Citigroup Inc (NYSE:C) allocated $1 billion to support initiatives that help close the racial wealth gap and increase economic mobility for people of color.
