Brazil Aims to Raise $2 Billion in ESG Sovereign Bonds in September

Brazil is set to issue around $2 billion in its first sustainable sovereign bonds in September, a senior Finance Ministry official said on Thursday.

“In the upcoming month, the world will be closely observing and acquiring our sustainable bonds,” Dario Durigan, the ministry’s executive secretary, said during a meeting of the committee of the country’s Climate Fund.

He said green and social projects will back the bonds.

“The expectation that we have in the Nation Treasury is that we issue something around $2 billion. It is a very relevant amount, it will be able to serve as a financing base for the ecological transition plan.”

During a news conference late on Thursday, Treasury Secretary Rogerio Ceron said the government could not specify the volume or date of the issuance in order to avoid impacting markets.

Learn more: Reuters