January 7, 2021 |
Brazilian investment bank BTG Pactual sold $500 million worth of five-year green bonds in US dollars on Wednesday, a source involved in the deal said.
The company priced the 2026 bonds at 99.422 with a coupon of 2.75% to yield 2.875% after orders reached $1.1 billion, the source said.
The bank opened the initial price talk in the low 3% area and set guidance at 3%, plus or minus 12.5 basis points, before launching at 2.875%, the source said.
The investment bank will use the proceeds to finance o
Brazilian investment bank raises $500 mln from the sale of five-year notes to finance green projects