Citi Closes $72 Million Principal-Protected Note Offering
Bitget2026/10/20 12:13- Citi closes $72 million, 3.5-year principal-protected Carbon Removal-Linked Note to support Applied Carbon's Texas biochar project.
- Investors forgo traditional coupon payments, directing an upfront amount to project financing; payments are linked to carbon credit issuance and delivery.
- Microsoft signed a 2022 offtake agreement for a portion of the project's carbon credits, providing long-term demand support.
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