Social bonds already equalize green bonds, says Moody’s

Moody’s Investors Service has raised its estimate for the sale of bonds to finance projects with positive social results by 50% this year. The agency now expects the emission of social and sustainability bonds worldwide to reach $150 billion this year, compared to an initial projection of $100 billion in May, according to a report by Moody’s analysts.

Source: Money Times

Latin American bank lends $350 mm to Brazil

The Latin American Development Bank (CAF) approved a $350 million loan for the Ministry of Economy to implement measures to tackle the crisis caused by the pandemic. The funding will complement government actions to reduce the impact on the most vulnerable economic and social sectors, especially the payment of emergency aid. During the pandemic, the CAF offered $2.5 billion in emergency credit lines for Latin American countries.

Source: Agencia Brasil

Petrobras begins phase for sale of 578 MW in thermal power plants

Petrobras began the binding phase regarding the sale of four thermoelectric plants. The Arembepe, Bahia 1, and Muricy plants have a total installed capacity of 329 MW. The plants operate with oil and have the possibility of conversion to natural gas. The Rio Grande do Sul power plant of Canoas, on the other hand, has an installed capacity of 249 MW and is bi-fuel, using natural gas and oil for generation.

Source: Canal Energia