Natura raises R$1.3bn in green bonds
Summary
Under the sustainability-linked bonds (SLB) format, the funding included a R$300 million allocation by the International Finance Corporation (IFC) as an anchor investor and another R$200 million by IDB Invest as an impact investor.Demand for the debentures, according to Ms. Vilas Boas, was very high. She expects the partnership with the two institutions, responsible for 40% of issuance, to improve credit granting in the Amazon region in the medium term. That should come with the increased volume of information to base risk management by financial institutions. The executive points out that the auditing and due diligence process carried out by the IFC and the IDB for granting this type of credit is very thorough.We have the challenge of ensuring that the funds will reach the end [of the supply chain]. How can a large financial institution grant credit to those with no salary check and no history with the financial market like a company like Natura?