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Emerging MarketsEM LatAm

SLB format drives massive book as Klabin prices tight

Brazil, paper, map, Klabin, Suzano, sustainable, recycle, LatAm, 575

Latin American DCM bankers hailed Brazilian paper company Klabin’s first sustainability-linked bond (SLB) as an encouraging sign for the ESG debt market in the region, as a huge order book allowed the issuer to tighten by 55bp from initial price thoughts and land well inside its curve.

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