Brazil Plans To Launch Overseas Green Bonds
Date
6/23/2023 2:17:27 PM
(MENAFN- brazil-arab news agency (anba)) brasília – brazil's federal bonds will be launched overseas backed by environmental pledges. instead of merely receiving financial interests, foreign investors would profit from a sustainable project. the latin american country's national treasury secretary rogério ceron (pictured) said the government wants to be ready to issue these bonds on the international market as of september.
“the right date, from september to november, will depend on the market window. it's a strategic positioning of the treasury to find the right window of opportunity to issue them,” said the secretary following the first meeting of the sovereign sustainable finance committee.
established last month, this committee is in charge of creating rules for the issuance of sustainable bonds . these treasury-issued bonds will be backed by brazil's federal budget money earmarked for sustainable development, including environmental and social projects.
the committee will draft a legal framework that'll present brazil's commitment in the environmental, social, government and finance agendas to investors, as well as bringing forth the guidelines and criteria the country will adopt to launch the bonds on the market.
according to ceron, these bonds will be a major step for the country to cement its environmental and social governance (esg) agenda.“foreign investors have a appetite for and a very large interest in this agenda, and this meeting was one step further,” he said.
translated by guilherme miranda
josé cruz/agência brasil
the post brazil plans to launch overseas green bonds appeared first on agência de notícias brasil-árabe .
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