BNY Mellon Corporate Trust has been appointed as trustee, registrar, paying agent and transfer agent for the first green bonds of Brazilian food company BRF S.A.
Denominated in euros, the offering is a €500 million senior notes issuance, with proceeds ear-marked for projects in energy efficiency, water management, sustainable and efficient packaging, sustainable forest management and reduction in the use of raw materials.
BNY Mellon will provide environmental finance products such as custody of carbon credits, environmental trusts and escrows, green bonds and project finance.
As of March, The bank’s corporate trust arm serves as trustee or paying agent on more than 60,000 debt-related issues around the world, with clients including governments and their agencies, global corporations and financial institutions.
Sonia Chaliha, BNY Mellon Corporate Trust head of sales and relationship management for Latin America and Canada, said: "As a firm that has made an early commitment in the area of environmental finance, BNY Mellon offers its clients a broad range of social finance options to help them shape global investment strategies that meet their financial and environmental priorities."
