Economy

Market roundup: Latin America less keen on ESG bonds

🔔 The dashboard: Brazil’s benchmark stock index Ibovespa gained 5.91 percent this week. Since entering a bear market in July, Brazilian stocks have recovered 17.31 percent. Meanwhile, the Brazilian Real gained 1.74 percent against the U.S. Dollar this week. 

  • Biggest gains: Positivo (tech), +27.94 percent.
  • Biggest drops: Natura (cosmetics), -18.91 percent.

ESG debt issuance plummets in Latin America

In the first six months of 2022, issuance of ESG-labeled debt bonds in Latin America reached USD 6.6 billion, about half of what was issued in the first half of last year. The dip mainly occurred in Q2, according to a Bank of America client report.

Due to “adverse global market conditions,” labeled bond issuance in the region registered a 82-percent drop in Q2 2022 versus a year prior. The quarter-on-quarter drop reached 72 percent.

Snapshot. In Q2 2022, only three labeled bond issuers operated in the...

Ana Ferraz

Ana Ferraz is a journalist specialized in global affairs and economics. She previously worked at the Italian News Agency ANSA and has been published by multiple Brazilian outlets.

Recent Posts

Illiteracy falls in Brazil, but still runs along racial lines

Data from the 2022 Census released today by the Brazilian Institute of Geography and Statistics…

15 hours ago

Haiti the X factor in Dominican Republic elections

Much has changed since President Luis Abinader of the Dominican Republic first came to prominence…

15 hours ago

Coup attempt investigation in its final stages

The Federal Prosecution Office said the investigation into a coup attempt led by former far-right…

16 hours ago

Banks see default rates fall and credit market rebound in 2024

Unlike incumbents, who hit the brakes during the spike in defaulting, challengers such as Nubank…

17 hours ago

Brazil’s new climate adaptation bill is a dud

Brazil’s Senate on Wednesday approved a lackluster bill with regulations for climate change adaptation plans,…

18 hours ago

Brazilian GDP predictor suggests 2.3 percent growth in Q1

The Ibre-FGV GDP monitor, a tool to predict economic activity in Brazil, suggests that the…

2 days ago