Bonds
Brazil Taps JPMorgan, Itau, Santander for Debut ESG Bond Sale
- Sustainable debt deal has been widely expected out of Brazil
- The nation is home to the majority of the Amazon rainforest
Aerial view showing a boat speeding on the Jurura river in the municipality of Carauari, in the heart of the Brazilian Amazon Forest, on March 15, 2020.
Photographer: FLORENCE GOISNARD/AFPThis article is for subscribers only.
Brazil is tapping banks for advice on the nation’s first-ever sustainable bond sale, a long-awaited transaction that’s expected to hit markets by the end of the year.
The Treasury said Friday it will work with Banco Itau BBA, JPMorgan Chase & Co. and Banco Santander Brasil SA to sell the notes and revise its framework for debt that relates to environmental, social or governance goals.