The first operation linked to sustainability targets among companies in the same sector in Brazil
JBS issued and priced in the international market unsecured Sustainability-Linked Bond (SLB) due in 2032 in connection to the Company’s commitment to reduce greenhouse gas emissions by 30% in scopes 1 and 2 by 2030.
JBS’ Sustainability-Linked Bond structure is in line with the Company’s sustainability strategy, outlined by the Net Zero 2040 Commitment, announced on March 23, 2021.
The Senior Notes will be guaranteed by JBS and the Company intends to use the net proceeds to extend its debt maturity profile by refinancing shorter maturity indebtedness, in addition to covering other general corporate purposes. The ISS ESG agency was the SPO (independent opinion, Second Party Opinion) in the financial operation and the issuance has Santander, Barclays, Bradesco BBI, BTG Pactual, Mizuho and XP as part of the syndicate.
Moody’s and Fitch rating agencies evaluated the operations with Ba1 e BBB- rating, respectively.