By Stephen Nakrosis
Software company Autodesk, Inc. on Tuesday said it priced its first sustainability bond offering.
The offering consists of an aggregate principal amount of $1 billion in 2.4% senior notes due 2031, the company said, adding the offering is expected to close Oct. 7.
Autodesk said it plans to allocate an amount equal to the net proceeds from the bonds toward projects related to both environmental and social initiatives, including sustainable water and wastewater management, green buildings and socioeconomic advancement and empowerment.
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(END) Dow Jones Newswires