Enel delighted as Suzano brings back sustainability-linked bonds

De Paoli, Alberto (Enel) from co for use 230x150
By Jon Hay, Oliver West
11 Sep 2020

It is rare for one issuer to recognise another's bond issue, but Enel's chief financial officer went to the trouble on Friday of issuing a statement to commend the previous day's sustainability-linked bond issue by Suzano, the Brazilian pulp and paper company which is unaffiliated with Enel.

As GlobalCapital reported on Thursday, Suzano's sustainability-linked bond was one of the most successful in a busy week for Latin American corporate bond issues.

Suzano is only the second issuer of sustainability-linked bonds, though the structure has been used many times in the loan market in the past ...

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