With a 10 year background in Latin American and Caribbean clean energy and clean energy financing events, training and news, New Energy Events has identified ESG financing and investment as arguably the single most critical component in the future sustainability and competitiveness of regional economies and the private sector. The launch of the Latin American ESG Markets Summit comprises part of a long-term commitment we are making to support the growth of sustainable capital markets across the region.
Who attended?
The key constituencies attended the Latin American ESG Markets Summit comprise:
Latin American issuers. Sovereigns, multilaterals and corporates
Buy-side. Regional and international institutional investors
Sell-side. Commercial and investment banks
Rating agencies and ESG data suppliers
Law firms and consultancies
2021 Latin American ESG Debt Market Highlights
Latin American volumes are still catching up with an exuberant global market, but issuer sophistication was on display across the board and across the region in 2021. Among last year’s highlights:
In April, Chile launched a US$1.5bn sustainability bond with a 32-year maturity. The issue was the first sovereign thematic deal to be listed on the Taipei Exchange
Colombia became the first Latin American country to issue a sovereign green bond with its local currency 10-year Colombian Peso 750 billion (US$196m) issue. The deal was heavily over-subscribed
In April 2021, a seven-year US$1bn bond issued by Brazil’s Natura S.A. was, at the time, the largest sustainability-linked bond in the region
A month later Mexico’s Iochpe-Maxion S.A., the automotive wheel producer, issued US$400m of inaugural 5.000% sustainability-linked notes due 2028
Corporación Multi Inversiones (CMI)’s US$700m green bond in April 2021 was the largest bond from a new issuer in H1 2021
The multilaterals were busy, too. Central America’s CABEI issued its first social bond, a USD500m 5-year deal in February 2021. CAF, CABEI and Bancóldex have now issued a combined US$1.8bn across eight deals