April 22, 2019 |
The sales of green bonds by Latin American issuers remained stagnant in the first quarter this year as the market failed to get going after elections in Brazil and Mexico in 2018, LatinFinance has heard.
"The market is totally flat," said Sean Kidney, CEO of the Climate Bonds Initiative (CBI) in London. "Mexico is dead, and the bond market in Brazil only had one deal with Klabin."
The São Paulo-based paper company sold $500m in 30-year green bonds at 7.125% in March.
The market is now looking
A $500m deal by Brazil's Klabin marks the only issue in the first three months of the year