We advised Mastercard on its inaugural sustainability bond offering

Davis Polk advised Mastercard Incorporated in connection with its $1.3 billion SEC-registered debt offering of its 1.900% notes due 2031, which represents Mastercard's inaugural sustainability bond offering, and its 2.950% notes due 2051. The net proceeds of the 1.900% notes due 2031 will be used for eligible projects with an emphasis on clean transportation, energy efficiency and other social and sustainability-driven projects. 

Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks.

The Davis Polk capital markets team included partner Byron B. Rooney and associate Chris Van Buren. The tax team included partner William A. Curran and associate Dov Sussman. All members of the Davis Polk team are based in the New York office.