The 77th ANP biodiesel auction registered the negotiation of around 1.18 billion litres, with an average negotiation price of R$4.425 ($0.88) per litre. The agency said in a statement that the entire volume negotiated was for voluntary blending of diesel and that the final value of the trading session represented an average discount of 25.15%, compared to the average of the maximum regional reference prices R$5.912 per litre ($1.18).
Source: Money Times
Day: December 22, 2020
Boticario Group issues $200 mm in sustainability bonds
The Boticario Group issued R$ 1 billion ($200 mm) in bonds linked to sustainable targets. The sustainable-linked bond, “SLBs” aim to strengthen the commitment to improve business sustainability results by 2025 and reinforce the commitment to the best “ESG” practices. It is the first issue of its kind in the Brazilian market.
Source: Valor Investe
Brics Bank expects to lend up to $2 bn to Brazil in 2021
The New Development Bank (NDB) is expected to lend up to $2 billion to Brazil in 2021 to finance mainly infrastructure projects. The bank’s focus in the country is on sanitation, a regulatory framework that was approved this year. Another area of interest for the bank in Brazil is the support of social impact projects, such as financing schools and hospitals.
Source: Reuters
Renova’s judicial recovery plan approved, debt reaches $500 mm
Renova had its judicial recovery plan approved by the 2nd São Paulo Bankruptcy and Judicial Recovery Court, Cemig, a shareholder of the generator, said in a relevant fact. The approval involves the Alto Sertão III wind farm and Renova itself. The company filed for judicial recovery in October 2019 after registering debts of more than R$2.5 billion ($500 mm).
Source: Energia Hoje
CAF lends $350 mm to Brazil for fiscal actions in the pandemic
The CAF (Latin American Development Bank) today announced the signing of a $350 mm (R$1.8 billion) loan from Brazil for fiscal actions in response to the Covid-19 crisis. The financing will complement the fiscal initiatives already underway in the country and will reinforce counter-cyclical economic measures aimed at reducing the effects of the coronavirus pandemic in Brazil.
Source: UOL Economia
