Rumo ties new SLBs to lower emissions

Rumo ties new SLBs to lower emissions

Bonds Debt Fixed Income ESG Sustainability-Linked Sustainability Bonds Capital Markets Railroads Rule 144a/ RegS Brazil United States

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

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