BNDES lays green grass for Brazilian issuers

Brazil football px 230
By Oliver West
04 May 2017

Brazilian government-owned development bank BNDES sold a long-awaited green bond on Tuesday, with a combination of scarcity value and SRI investor support ensuring tight pricing.

Ba2/BB/BB rated BNDES attracted almost $5bn of orders after announcing initial price thoughts of low 5% for its proposed seven year green dollar denominated benchmark. 

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