TOLEDO, Ohio — Owens Corning has completed the issuance of its inaugural green bond, in keeping with its aspiration to be a net-positive company whose handprint is greater than its footprint. This $450 million bond is payable over 10 years at a coupon rate of 3.95%. In conjunction with the bond, the company has committed to spend $445 million on eligible sustainability projects.
Joining other leaders in sustainability, Owens Corning is among the first U.S. industrial companies to issue a green bond.