Citigroup (NYSE: C) structured a first-of-its-kind US$72 million bond to finance a biochar-based carbon removal project. The bond's returns are tied to verified carbon credits generated by the project rather than traditional cash flow metrics, with Microsoft as the anchor offtaker providing contracted demand for the removal output. Citigroup has a market capitalization of US$199.7 billion.
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Original headline: Citigroup (C) Structured A $72 Million Carbon Removal Bond
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