Brazilian trio to extend Lat Am ESG surge

Rio de Janeiro, Brazil, Copacabana, oil rig, ocean, LatAm, 575
By Oliver West
12 Jan 2021

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 ...

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