* 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.
Back
LatinNews Daily - 14 November 2023
In brief: Brazil issues first ESG sovereign bond
- PERU: Gov’t approves rapid migrant expulsions
- In brief: EU extends sanctions on Venezuela but brings forward review date
- BRAZIL: Another suspect detained over foiled Hezbollah attack
- In brief: Brazil issues first ESG sovereign bond
- PANAMA: Martinelli allies sentenced in high profile case
- In brief: Key Panamanian mine reduces operations due to blockade
- MEXICO: Ebrard opts to stay in Morena
- In brief: Mexico hails rise in foreign tourism revenue
- ARGENTINA: Inflation provides no respite for Massa
- In brief: Paraguay’s lower chamber approves 2024 state budget