JTC supports Amaggi on sustainability bond issuance

Posted: 04/02/2021

JTC has supported Brazilian grain and fibre company Amaggi on its offering of a $750m aggregate principal amount of 5.250% notes due 2028. This debut cross-border bond issuance by Amaggi was structured as a sustainability bond.

JTC’s team in Luxembourg, led by MD Joost Mees, worked with the Amaggi team to provide administration and management support of the issuance vehicle.

The net proceeds of the offering will be invested to finance a low-carbon economy through projects in line with the company’s socio-environmental policy and the United Nations’ Sustainable Development Goals.

These will include renewable energy, natural resources, climate change mitigation and food security projects.

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