Bradesco issues record green financial bill among Brazilian private banks

Bradesco issues its first bond linked to ESG (environmental, social and governance) criteria. Reaching an amount of over R$ 1.2 billion, it is the largest issuance of a sustainability-labelled bond ever made by a Brazilian private bank.

The private offering was registered under a Financial Note (Letra Financeira), maturing in 30 months and priced at a yield to investor of CDI+0.60% p.a.

The resources will fund new and existing projects and assets in areas that contribute to the transition to a low-carbon economy, such as energy and operational efficiency, renewable energy, clean transport and green buildings.

Bradesco’s Climate Finance Framework will guide the investment and management of the proceeds. The consultancy Sitawi has reviewed the Framework and has confirmed in their Second Party Opinion that it is aligned with main international references for sustainable financial instruments.

The disbursements and positive impacts generated by the invested assets, mainly in terms of avoided carbon emissions, will be monitored and annually disclosed by Bradesco.