Banco Votorantim has announced Brazil’s first 2020 Certification

05/31/2020 Since 5 years

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.

https://www.climatebonds.net/2020/05/banco-bv-issues-brazils-1st-financial-corporate-gb-%E2%80%93-and-its-climate-bonds-certified

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