Apple Supplier Jabil Debuts Green Bond in Clean Energy Push (1)

Jabil Inc. raised $500 million in bonds earmarked for the environment for the first time as its customer Apple Inc. continues to push suppliers to transition into renewable electricity.

The company, which makes iPhone casings, sold green bonds in the U.S. investment-grade market, according to a person with knowledge of the matter. The five-year security yields 1.48 percentage points above Treasuries, after initial discussions of around 1.7 percentage points, said the person, who asked not to be identified as the details are private.

Jabil will use the proceeds from the sale to repay its outstanding $500 million 4.7% senior notes ...