Klabin issues ESG notes

Klabin issues ESG notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian paper company Klabin said Wednesday that it sold $500 million worth of 10-year sustainable bonds in the international market, pricing the 2031 bonds at par to yield 3.2%. The company opened the initial price talk in the 3.75% area and set guidance at 3.3%, plus or minus five basis points, before launching the deal at 3.2%, a source involved in the deal said. The bookrunners were Bank of America, Bradesco, Citi, Itaú BBA, JPMorgan and Morgan Stanley. "With this operation, Klabin reinfor

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