Scotiabank congratulates its clients who earned recognition in the Environmental Finance Sustainable Debt Awards 2024 for notable transactions within the Americas.1
- Sustainability-Linked Bond of the Year - SSAs/Sub-Sovereigns: Republic of Chile
Scotiabank is proud to have participated as Sustainability Structuring Bank and Joint Bookrunner on both the Republic of Chile’s EUR$750 million (US$813 million equivalent) and dual-tranche US$2.25 billion Sustainability-Linked Bonds (SLB). The structure incorporated Key Performance Indicators (KPIs) linked to Greenhouse Gas Emissions and the Percentage of Women in Board Member positions, distinguishing the Republic of Chile as the first sovereign to issue an SLB with a Social KPI.
- Sustainability-Linked Bond of the Year - Other: Liberty Costa Rica
Scotiabank supported Liberty Costa Rica as ESG Advisor, Joint Bookrunner, and IDB A/B Bond Structuring Agent on its inaugural US$450 million Sustainability-Linked Bond. The transaction marked Liberty Costa Rica’s debut into the international debt capital markets and was the first A/B Bond issuance in Latin America under the Rule 144A format for IDB Invest.
- Award for Innovation - Use of Proceeds (Sustainability Bond): Banobras
Scotiabank acted as Joint Bookrunner on Banco Nacional de Obras y Servicios Públicos’ (Banobras) Sustainable Bond offering in March 2023. Proceeds from the issuance will be tied to gender-focused infrastructure projects in Mexico.
The Environmental Finance Sustainable Debt Awards recognize the leading green, social, sustainable and sustainability-linked bond and loan deals and market innovations.
