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Emerging MarketsEM LatAm

Iochpe-Maxion prices as investors eye SLB specifics

Mercedes Benz_575px_adobe_5Nov20

The world’s largest wheel manufacturer, Iochpe-Maxion, on Tuesday became the fourth Latin American issuer in four business days to issue a sustainability-linked bond (SLB). The Brazilian issuer sold a $400m seven year deal with an apparently more ambitious greenhouse gas emissions reduction target than the one set by Mexican car parts supplier Metalsa on its own SLB last week.

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