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About Siebert Williams Shank & Co.

Siebert Williams Shank & Co. is an investment bank merged from Siebert Cisneros Shank & Co and The Williams Capital Group.

Siebert Williams Shank & Co. Headquarter Location

New York, New York,

United States

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Latest Siebert Williams Shank & Co. News

Walmart Breaks Green Bond Record With $2 Billion Debt Issuance

Sep 10, 2021

By Bloomberg September 8, 2021 18:26 Walmart Inc. is selling a $2 billion green bond, the largest ever from a US corporation, according to data compiled by Bloomberg. The retail giant’s debut sustainable debt issuance comes amid efforts to reduce carbon emissions, boost recycling and clean up its supply chain. The bonds may help fund a range of green projects including solar and wind, energy efficient refrigeration, electric vehicles and waste reduction, according to its green financing framework. The $2 billion 10-year green bond is part of a five-part $7 billion sale to help fund a tender offer. Walmart has a target of achieving zero emissions by 2040 and also aims for a 1 billion metric ton cut in emissions from its supply chain by 2030. “It certainly seems like they’re serious about taking a sustainability leadership role within the retail space,” said James Rich, a senior portfolio manager at Aegon Asset Management, in an emailed response to questions. “I don’t know how other retailers will be able to avoid making similar commitments and changes.” Amazon.com Inc. sold debut bonds for environmental, social and governance projects in May. Alibaba Group Holding Ltd. raised its first sustainable debt in February. New issuance of green, social, sustainability and sustainability-linked bonds from corporations and governments worldwide is at a record $691 billion so far this year, according to data compiled by Bloomberg. Bankers expect the sales to reach $1 trillion for the first time this year. Bank of America Corp. is green structuring agent for the sustainable portion of the deal, which was also managed by Morgan Stanley, CL King & Associates, Samuel A. Ramirez & Co. Inc., Siebert Williams Shank & Co. LLC and American Securities Capital Partners LP. By Caleb Mutua and Jack Pitcher Learn more: Brands are talking about sustainability more than ever before, but does their rhetoric stand up to scrutiny? BoF’s new report, The BoF Sustainability Index, benchmarks 15 of the industry’s biggest companies against ambitious environmental and social goals and finds fashion is falling short. In other news

Siebert Williams Shank & Co. Acquisitions

2 Acquisitions

Siebert Williams Shank & Co. acquired 2 companies. Their latest acquisition was The Williams Capital Group on October 03, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/3/2019

Merger

2

10/3/2019

Unattributed

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$99M

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10

Date

10/3/2019

10/3/2019

Investment Stage

Unattributed

Companies

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Valuation

Total Funding

$99M

Note

Merger

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Sources

2

10

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