Banco Votorantim has announced Brazil’s first 2020 Certification
Since 2 months
Banco Votorantim (BV), one of Brazil’s top 5 private banks, has announced its first ever Green Bond. BV intends to use the proceeds to finance or refinance the construction and operation of renewable energy projects – photovoltaic and wind energy generation systems.
The BRL250m (USD50m) is a private placement allocation for an international institutional investor, with a maturity of 4 years. Verification was provided by Vigeo Eiris.
Banco Votorantim has declared that the Net Proceeds of its 2019 first Green Bond will be allocated to a portfolio of Eligible Green Expenditures from the following CBI categories: Solar Energy and Wind Energy as described in the Banco Votorantim’s Green Bond Framework.
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