Brazilian trio to extend Lat Am ESG surge

Six of the 11 Latin American borrowers to have priced or announced new cross-border bonds so far in 2021 have opted to show off their ESG credentials while doing so — either through dedicating the use of proceeds or by issuing in the more novel sustainability-linked format. Brazil is leading the way, with three further mandates on Monday.
After last week’s heavily oversubscribed sustainability-linked bond from Brazilian paper company Klabin, logistics conglomerate Simpar began investor calls ahead of a proposed sustainability-linked bond that includes a 25bp coupon step-up if the company does not reduce greenhouse gas emissions in line with its target by 2025.
And just
...
Already a subscriber? Login
Further Reading
-
Middle East
Saudi lands $3bn export financing agreement with Korea
-
Follow-ons/Rights Issues
Alchip Tech nets $196m from bigger GDS sale
-
People & Markets
China policy and markets round-up: Xiaomi, Cnooc added to US blacklists, Beijing launches grading system for consumer finance companies, insurance asset managers
-
IPOs
Indigo Paints readies Rp12bn listing