Movida to follow parent with debut SLB

Car rental company Movida is looking to become the third Brazilian company this year to issue sustainability-linked bonds (SLB), just two weeks after its parent company issued a similar instrument.
Movida could issue a benchmark seven or 10-year debut international bond as soon as Thursday that will include a coupon step-up linked to greenhouse gas emissions. On January 14, Brazilian conglomerate Simpar — which owns 55.1% of Movida — sold $625m of SLBs after receiving $2.5bn
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