Visa Beats Google’s Record Low Yield in Debut Green Bond Sale

Visa Inc. sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects.

The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record low 0.8% from last week on an ESG debt sale with a similar maturity.

Visa’s $500 million security due 2027 marks the first dollar-denominated green bond from the consumer finance space, according to data compiled by Bloomberg.

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