EN 
PT_BR 
BDMG (Development Bank of Minas Gerais) carried out the first issue in the history of Sustainable Bonds carried out by a Brazilian public bank. The operation took place on the New York Stock Exchange, worth US$ 50 million – the equivalent of approximately R$ 260 million.
The objective is to facilitate the financing of projects with an environmental focus for companies of all sizes and municipalities in the state. IDB Invest – a multilateral bank belonging to the IDB Group – acquired all of the securities.
“Economic recovery, via sustainable development, is at the center of BDMG’s strategy. In this context, Sustainable Bonds are a new and sophisticated financial instrument”, said Sergio Gusmão, president of BDMG.
“The first issue of this type of paper by a Brazilian public bank, carried out by BDMG, will certainly bring new opportunities for financing a new, more sustainable and inclusive economy. And, in this process, the partnership with the IDB Group was fundamental, both in preparing for the issuance of these bonds and in their acquisition”, he highlighted.
According to the bank, in 2021, resources from these bonds should be transformed into lines of credit for projects aligned with the UN's sustainable development objectives, benefiting not only environmental initiatives, but also social initiatives.
“In other words, Sustainable Bonds will be able to finance energy efficiency, renewable energy or waste management projects, as well as sanitation, urbanization, health or education projects, for example”, concluded Gusmão.
Morgan Doyle, representative of the IDB Group in Brazil, highlighted that this is an emblematic operation within the scope of the company's effort to promote the sustainable bonds market in Brazil.
“It seems beneficial to us to take advantage of the growing demand from investors regarding the good use of their resources, aiming to mobilize capital for strategic investments for the country’s development”, he commented.
