Sustainable bonds will mark Marfrig out
31/07/2019
With the banking of important financial institutions such as Santander, ING, BNP, HSBC and Nomura, Marfrig has said it will use the idea to raise $500 million in new capital to finance sustainability projects. It said it would repay bondholders over the course of 10 years at 6.6% interest.
“Sustainability has always been one of the strategic pillars of this company,” said chief executive, Eduardo Miron, on making the announcement. “These bonds will reinforce our commitment to taking action in this area and will mark Marfrig out as a leader.”
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