Klabin reopens green bonds

Klabin reopens green bonds

Bonds Debt Fixed Income Rule 144a/ RegS Brazil United States

Brazilian paper and pulp producer Klabin added $200 million to its 7% 2049 notes on Wednesday, raising money to pay off debt and finance green projects, according to sources involved in the deal. Klabin priced the reopening to yield 6.1%, more than 100 basis points below the initial deal in March last year, when it issued the 30-year green bonds to yield 7.125%. The company opened the initial price talk on the retap in the low 6% area, before launching the deal at 6.1%, sources said. Bank of Ame

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