Skip to content

Allen & Overy’s ICM Practice Advises on USD500M Sustainability-Linked Bond Issuance for Suzano

Related people
Image of David Flechner
David Flechner

Partner

New York

View profile →

Image of Jeffrey You
Jeffrey You

Associate

New York

View profile →

Kappel Eduardo
Eduardo Kappel

Associate

São Paulo

View profile →

15 September 2021

Allen & Overy’s International Capital Markets practice advised a syndicate of 10 underwriters in connection with a USD500 million sustainability-linked bond issuance for Suzano S.A. 

Suzano is a leading Brazilian pulp and paper company, with a presence in over 80 countries. The issued bonds include innovative key performance indicators that aim to reduce the company’s industrial water withdrawal intensity by the end of 2026 and increase the representation of women in leadership positions by 2025. The bonds have a yield of 2.7% per annum and coupon of 2.5% per annum, to be paid semi-annually, starting March 15, 2022 and maturing on September 15, 2028.

A&O represented the 10 underwriters involved with the deal: BNP Paribas, BofA Securities, J.P. Morgan Securities, Mizuho Securities USA, Rabo Securities USA, Scotia Capital (USA), Banco Bradesco BBI, Credit Agricole Securities (USA), MUFG Securities Americas and SMBC Nikko Securities America. The transaction settled on September 13, 2021.

The A&O team was led by New York and São-Paulo-based partner David Flechner with support from New York-based associate Jeffrey You and São Paulo-based associate Eduardo Kappel.

For further information, please contact Aubrey Pritchett in New York on Aubrey.pritchett@allenovery.com or Devin Shorey in New York on pro-a&o@prosek.com

Related expertise