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19 January 20224 minute read

Campos Mello Advogados advises Banco do Brasil in social bond issuance

Campos Mello Advogados (CMA), in cooperation with DLA Piper, advised Banco do Brasil S.A. on its issuance of senior unsecured social bonds, in the first transaction of this type carried out by a Brazilian financial institution this year.

Social bonds are debt instruments issued by financial institutions, companies, governments and multilateral entities, traded in the capital markets to attract capital for projects that generate a positive impact on society and the environment. CMA advised Banco do Brasil from the design of the base offering model through the entire social bond issuance process, including creation, offer and delivery of the notes, and execution of the respective obligations.

“This transaction is an important milestone and shows the advancement of ESG (Environmental, Social and Governance) practices throughout society. Interest on the part of an institution the size of Banco do Brasil in issuing social bonds shows the market’s receptiveness to this product and our client’s concern with market best practices. It also shows how well suited CMA is to assist our clients with these transactions,” said Roberto Vianna do R. Barros, the Campos Mello Banking and Financing partner who led the firm’s team. “These transactions are expected to gain strength in Brazil in the next few years, fortifying the green bond market.”

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.

DLA Piper is committed to making businesses better by helping clients and communities transition to and thrive in a more sustainable future. The firm understands the unique challenges and needs of each sector and delivers seamless global solutions to clients around the world. To find out more, please visit DLA Piper’s Sustainability and Environment, Social and Governance portal.