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Covanta closes $50M green bond issuance

Covanta Holding Corp. raised $50 million from the issuance of new tax-exempt bonds to fund eligible green expenditures at certain of its facilities in Pennsylvania.

The 3.25% green bonds, issued through the Pennsylvania Economic Development Financing Authority, will mature in 2039, according to an Aug. 22 news release.

The company said green expenditures at its Pennsylvania facilities were specifically for metals recycling activities, construction of its new total ash processing and energy-from-waste plant maintenance.