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Consumer products company Colgate-Palmolive announced Wednesday that it has successfully priced a sustainability bond — a bond used to finance social and environmental projects — at half a million Euros. The bond will mature in eight years and supply bondholders with an interest rate of 0.3% per annum. The bond’s net proceeds will go toward goals outlined in Colgate’s 2025 Sustainability and Social Impact Strategy. According to the company, the bond will help further their efforts to decrease emissions, reduce manufacturing waste, eliminate plastic waste, and conserve water. […]
