Banco Votorantim’s $50 Million Green Bonds Offering

Davis Polk advised Banco Votorantim S.A. on the deal.

Banco Votorantim S.A. completed a “Green Bond” offering of $50 million aggregate principal amount of 3.350% global medium-term notes due 2024, pursuant to Regulation S under the Securities Act of 1933, as amended.

The net proceeds of the green bond will be allocated toward financing or refinancing projects or assets relating to renewable energy, specifically onshore solar or wind energy projects or assets that satisfy certain eligibility criteria pursuant to Banco Votorantim’s Green Bond Framework.

Banco Votorantim is fifth-largest private bank in Brazil (according to the Brazilian Central Bank ranking) and operates in corporate and investment banking, asset management, private banking and retail segments. Banco Votorantim is jointly controlled by Votorantim Finanças S.A. (a subsidiary of Votorantim S.A.) and Banco do Brasil S.A.

The Davis Polk corporate team included partner Maurice Blanco (Picture) and associate Elliot M. de Carvalho.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Banco Votorantim;