Banco do Brasil issues social bonds

Banco do Brasil issues social bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Social Bonds ESG Brazil

Brazilian state-owned lender Banco do Brasil went to the international debt market on Thursday, issuing $500 million in seven-year social bonds to finance investments under its sustainable bond framework, according to sources involved in the deal. The new 2029 notes carried a coupon of 4.875% and priced at 99.561 to yield 4.95%, a sell-side source said. Banco do Brasil opened the deal with the initial price talk in the low-5% area before it set guidance at 5%, plus or minus five basis points, an

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