Unicoba issues local green bonds

Unicoba issues local green bonds

Corporate & Sovereign Strategy Debenture Brazil Green Bonds Capital Markets Debt ESG Green Finance Energy Renewable

Brazilian lithium battery and lighting manufacturer Unicoba said Monday that it issued BRL125 million ($23.2 million) in green debentures in the local market with US investment manager Gramercy Funds Management.  The 2027 notes pay an interest rate of 14% per year, compared to the current interbank lending rate of 13.25%. Unicoba will make the interest payments in foreign currency, which will help improve its capital structure, a source close to the company said. São Paulo-based Unicoba tried to

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