Market Insights

The Environmental Finance Bond Awards recognize the leading green, social and sustainability bond deals and market participants who demonstrate thought leadership, best practices and innovation. Scotiabank is proud to be recognized in three award categories for 2021. 

Lead manager of the year, social bond - sovereign: Republic of Chile

Scotiabank was joint lead manager on the Republic of Chile's CLP1.6 trillion ($2.1 billion) social bonds issued in November 2020. The bonds were notable for being the largest single sovereign social bond issue last year – ahead of deals by Guatemala ($500 million) and Ecuador ($327 million), and the first ESG bond issued in local currency by Chile out of their sustainable bond framework published earlier that month.

“It is a privilege for Scotiabank to support the Republic of Chile’s sustainable finance program designed to fund the country’s ambitious and progressive sustainability objectives,” comments Stephen Guthrie, Senior Vice President, Wholesale Banking at Scotiabank Chile.

Learn more about the awarded deal here

Affiliates

Sustainability-linked bond of the year: Suzano

Scotiabank was joint lead manager on Suzano’s sustainability-linked bond. It was not only the first in the Americas, emerging markets and the pulp and paper sector but was also the first globally to attain a voluntary second party opinion. The company initially issued $750 million in September last year, which was 8x oversubscribed, and then 2 months later issued a further $500 million, which achieved the lowest yield ever, at 3.1%, for a 10-year bond issued by a Brazilian company. The total issue amounted to $1.2B.

Learn more about the awarded deal here.

Initiative of the year - green bond: Transition Finance Handbook

Scotiabank was one of many organizations that participated as a working group member on the Transition Finance Handbook published on December 9, 2020, by the International Capital Markets Association (ICMA). This, combined with the Bank’s involvement as Chair of the CSA Transition Finance Technical Committee, demonstrates the priority we place on developing internationally recognized standards to accelerate the funding of the transition to a low carbon economy. The Handbook gives important guidance on how issuers can signal their credible transition plans to investors and frame and facilitate their financing needs.

Learn more about the awarded initiative here.
 

For more information, please contact:

Stephen Guthrie
Senior Vice President, International Corporate and Commercial Banking

Phone: 56-2-2619-4514

Juan Fullaondo
Managing Director and Head, Debt Capital Markets, Latin America & Caribbean

Phone: 917-769-6822

Fanny Doucet
Director, Sustainable Finance

Phone: 416-863-7132

Franco De Nigris
Director, Debt Capital Markets, Latin America

Phone: 212-225-6641