Brasília – The first issue of sustainable public bonds in Brazil could exceed USD 1 billion, said this Thursday (24) the secretary of the National Treasury, Rogério Ceron (pictured above). He said the exact volume cannot be disclosed for market policy reasons.
The federal bonds issued abroad are bonded to commitments to the environment. Instead of receiving mere financial interest, foreign investors would receive the income from a sustainable project, which could be between 6.15% and 8% for bond buyers.
Initially scheduled for September, the issuance is now expected, according to Ceron, to occur at some point in this year’s second half. The secretary, however, did not rule out the possibility for the operation to be postponed to early 2024, depending on the best “market window.”
“It is likely we will be able to issue bonds this year. If something needs to happen in early 2024, this would not be a problem,” said Ceron at a press conference after the National Monetary Council (CMN) meeting.
Translated by Elúsio Brasileiro
