Banco Votorantim engages Davis Polk for green bond offering
Davis Polk & Wardwell has advised Brazil’s Banco Votorantim on a $50 million green bonds offering.
The green bond offering of $50 million comprised an aggregate principal amount of 3.350 per cent global medium-term notes due 2024, pursuant to Regulation S under the Securities Act of 1933.
The net proceeds of the green bond will be allocated toward financing or refinancing projects or assets relating to renewable energy, specifically onshore solar or wind energy projects or assets that satisfy certain eligibility criteria pursuant to Banco Votorantim’s Green Bond Framework.
Banco Votorantim is the fifth-largest private bank in Brazil, according to the Brazilian Central Bank’s ranking, and operates in corporate and investment banking, asset management, private banking and retail segments. Banco Votorantim is jointly controlled by Votorantim Finanças, a subsidiary of Votorantim, and Banco do Brasil.
The Davis Polk corporate team included partner Maurice Blanco and associate Elliot M. de Carvalho. The members of the Davis Polk team involved are based in the New York and São Paulo offices.
