Scala issues first green bonds in local market

Scala issues first green bonds in local market

Corporate & Sovereign Strategy Debenture Brazil ESG Capital Markets Technology

Brazil's Scala Data Centers raised BRL2 billion ($377 million) in the largest sale of green debentures in the local market, CFO Ana Paula Romantini told LatinFinance on Friday. The Barueri-based data center company priced the new 2027 notes at the DI interbank lending rate plus 3.15% and set aside part of the proceeds to pay off BRL1 billion in debentures that it issued in March at the DI plus 3.25%, Romantini said. Scala plans to use the remaining proceeds to build green data centers, she added

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