Kimco Realty® Publishes Third Green Bond Report
Of the $493.7 million in net proceeds from the green bond issuance, $373.8 million, or over 75 percent, has been allocated to finance Eligible Green Projects, as defined by Kimco’s Green Bond Framework.
- Of the $493.7 million in net proceeds from the green bond issuance, $373.8 million, or over 75 percent, has been allocated to finance Eligible Green Projects, as defined by Kimco’s Green Bond Framework.
- Per Kimco’s Green Bond Framework, Eligible Green Projects include Renewable Energy projects, defined as the development, construction, installation, operation, maintenance and/or acquisition of renewable energy projects including solar, wind and energy storage.
- Kimco used green bond proceeds for the acquisition of a 988.8 kW Solar Renewable Energy Project at Carmans Plaza in Massapequa, New York.
- Green bond proceeds were also allocated towards the acquisition of 12 ENERGY STAR Certified tenant spaces.