Rockefeller Foundation intends to issue $700 million of green bonds

By Devika Patel

Knoxville, Tenn., Oct. 26 – The Rockefeller Foundation plans to sell $700 million of green bonds (Aaa/AAA) in October, according to a press release.

With these bonds, the foundation will commit $1 billion over the next three years to catalyze a more inclusive, green recovery from the Covid-19 pandemic.

Specifically, the foundation said it will focus on highest-risk communities, ensuring everyone has access to Covid-19 screening tests, treatments and vaccines when they become available. The foundation also intends to develop and fund a global health platform to help detect, prevent and contain future pandemics.

The foundation said it will also use bond proceeds to drive historic public-private investment in distributed renewable energy across Asia, Latin America and Africa to address poverty concerns.

The foundation noted that it will intentionally prioritize working with women, minority and veteran-owned underwriters during the process.

Based in New York, the foundation aims “to promote the well-being of humanity throughout the world,” according to its website.

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