San Francisco — Apple, which issued the biggest green bond ever sold by a US corporation in 2016 to finance projects fighting global warming, is doing it again. On Tuesday, the iPhone maker issued a $1bn green bond to fund renewable energy generation. It builds on $1.5bn worth of bonds the company sold a year ago to further its goal of running 100% of its operations on renewable energy. The bonds, maturing in 2027, will yield 95 to 100 basis points more than US treasuries, according to a person with knowledge of the matter, who asked not to be named because the deal was private. They are expected to be rated Aa1, the person said. The sale was arranged by Bank of America, Goldman Sachs and JPMorgan Chase. While companies in recent years have issued tens of billions of dollars in green bonds for projects that cut global-warming emissions, the size of Apple’s first issuance fuelled speculation that other companies would follow. Its latest bond comes less than two weeks after US Preside...
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