Brazilian debutant to join Lat Am ESG deal rush

Brazil, corn, field, LatAm, 575, FS bioenergia, ethanol
By Oliver West
15 Sep 2020

South America’s largest corn-based ethanol producer, FS Agrisolutions Indústria de Biocombustíveis (FS), will look to become the latest Latin American borrower to sell a sustainability-themed bond as it proposes a green format for its international market debut.

Global coordinator Morgan Stanley will begin investor calls for FS on Wednesday September 16 ahead of a dollar senior unsecured green benchmark with expected ratings of B1/BB-. Calls are expected to last until September 21. 

The announcement comes a day after Mexico sold the world’s first bond ...

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