IFC and IDB Invest Forge Partnership with Itaú Unibanco to Issue First Bond with a Focus in Biodiversity and Social Initiatives in Brazil
IFC, IDB Invest, and Itaú Unibanco Holding S.A. (Itaú) have announced a BRL 1.4 billion (equivalent to $250 million) in a bond issuance divided in two series to fund biodiversity conservation and social initiatives in Brazil.
Through this private placement, IFC will subscribe up to $200 million and is acting as anchor investor to mobilize a $50 million investment from IDB Invest, in a three-year bond focused on environmental sustainability and expanding Itaú’s Inclusive Finance portfolio.
Photo courtesy of Ryk Porras.
Source: IFC (link opens in a new window)
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- Environment, Investing
