Itaú Unibanco, IFC and IDB Invest on 20 March 2025 announced a BRL 1.4 billion (USD 250 million) bond, structured in two series with distinct environmental and social objectives, marking Itaú's first bond with a focus on biodiversity. The transaction, a three-year private placement under Itaú's Global Medium-Term Note Programme, was anchored by the International Finance Corporation, which mobilised a further investment from IDB Invest.
The first series raised up to USD 75 million and directs proceeds to biodiversity outcomes, specifically the REVERTE programme, which targets the regeneration of one million hectares of degraded soil in Brazil by 2030. The second series, sized at USD 175 million, supports micro, small, and medium-sized enterprises through Itaú's MSME lending portfolio. IDB Invest committed USD 50 million to the transaction, while the IFC subscribed up to USD 200 million as anchor investor across the structure.
REVERTE PROGRAMME
The REVERTE programme, run by Itaú Unibanco and Syngenta, supports rural producers in restoring degraded land in Brazil.
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