JBS issues $1 bln in SLBs

JBS issues $1 bln in SLBs

Corporate & Sovereign Strategy Bonds Debt Fixed Income Brazil Capital Markets ESG Sustainability-Linked Sustainability Bonds

Brazilian meatpacker JBS said Tuesday that it sold $1 billion worth of sustainability-linked bonds (SLBs) due in 2031, tying debt to a program to achieve net-zero greenhouse gas emissions by 2040. The São Paulo-based company priced the 10.5-year non-call 5.5 notes at 98.913 with a coupon of 3.625% to yield 3.75% after opening the deal with initial price talk in the low- to mid-4% area and setting guidance at 3.875%, plus or minus 12.5 basis points, said a source involved in the deal. Santander,

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