Klabin to go green for fresh funds

Klabin to go green for fresh funds

Corporate & Sovereign Strategy Equity Debt Brazil ESG Capital Markets Green Finance Green Bonds Sustainability-Linked

Brazilian pulp and paper company Klabin does not intend to go to the capital markets to fund BRL4.7 billion ($849 million) in planned investments next year, but it will go for green financing if it does raise fresh debt, CFO Marcos Ivo said Wednesday. "We will finance this investment with resources we already have and with next year's cash flow," Ivo said at a press conference. "We have no need for raising funds. If a good opportunity does arise, we may access the capital markets," he added. "If

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