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Conservation Fund may sell $150 million green bonds via Goldman
By Devika Patel
Knoxville, Tenn., Sept. 3 – Conservation Fund will raise about $100 million to $150 million through a sale of green bonds, according to a press release. Sustainable Conservation, Inc., a subsidiary, will be the co-issuer.
Goldman Sachs & Co. LLC is the underwriter.
Proceeds from the green bonds will be used primarily to increase the scale of its “Working Forest Fund” conservation initiative.
The conservation-focused nonprofit is based in Arlington, Va.
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