September 14, 2021
Brazilian logistics company Rumo plans to issue $500 million in 2032 sustainability-linked bonds (SLBs) to fund the buyback of notes that mature in 2025, according to ratings reports published on Monday.
"The proposed sustainability-linked notes include coupon step-up clauses in case the company does not achieve certain sustainability performance targets," Moody's said in a report, adding that it had assigned a Ba2 rating to the upcoming bonds.
Fitch Ratings, meanwhile, said it gave the bonds a
Cosan's logistics business sets up the sale of $500 mln worth of 2032 bonds to repurchase notes that come due in 2025