LatinNews Daily - 14 November 2023

In brief: Brazil issues first ESG sovereign bond

* Brazil’s national treasury has issued its first ESG (economic, social, and governance) bond in the international market, which aims to boost investment in the government’s environmental initiatives. The treasury has issued US$2bn of bonds, with a yield of 6.5%, which will reach maturity in March 2031. According to a government press release, demand was strong, with investors putting in orders for around US$6bn; roughly 75% of these investors are based in the US or European countries and 25% from Latin American countries.

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