Klabin goes green

Klabin goes green

Brazil Bonds

Brazil's Klabin has raised $500m from the sale of a 10-year green bond with a yield below 5%, sources told LatinFinance.  The bookrunners Bank of America-Merrill Lynch, Citi, Itau BBA, Morgan Stanley and Santander started the initial price talk in the 5.375% area but found little room to tighten the yield much below 5% at guidance. The leads priced the bonds at 99.414 with a 4.875% coupon to yield 4.95%. Samuel Bevan, a credit research analyst at Aberdeen Standard Investments, said Klabin could

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