BTG Pactual sells green bonds

BTG Pactual sells green bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

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

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