Pnc issues inaugural social bond

Pittsburgh, aug. 13, 2021 /prnewswire/ -- the pnc financial services group, inc. (nyse: pnc) announced today the closing of its inaugural social bond. the proceeds will be used to finance or re-finance eligible social projects that promote positive social outcomes and that benefit low- to moderate-income (lmi) individuals and communities, majority-minority census tracts, and/or vulnerable or underserved populations.
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