By Stephen Nakrosis

Mondelez International Inc. on Friday said it priced its first green bond, totaling EUR2 billion.

The issuance consists of "EUR650 million of 0.250% notes due September 2029, EUR650 million of 0.625% notes due September 2032 and EUR700 million of 1.250% notes due September 2041," the company said.

The bond was issued by Mondelez International Holdings Netherlands B.V., a wholly owned subsidiary of Mondelez, and the notes are fully guaranteed by Mondelez International, the company said.

Mondelez also said it plans to use net proceeds from the offering for "eligible projects that further the company's commitment to more sustainably sourced ingredients, reducing waste in packaging, and tackling climate change."

The company added that this green bond is the largest ever in the packaged foods and consumer goods industry.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

09-03-21 1135ET