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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