Brazil Eyes ESG Bond Sales Amid a Push for Longer Maturities

Brazil is paving the way to sell sovereign environmental and socially responsible bonds as a global drumbeat for the debt grows.

The nation is identifying programs in its budget that could be financed through a so-called environmental, social and governance bond program. The Brazilian Treasury also plans to educate bond funds about a framework this year.

“There is a very wide range of investors who use ESG information to make decisions,” Treasury Secretary Bruno Funchal said when he announced Brazil’s debt financing strategy for 2021 several weeks ago. “To make information flow is a starting point.”

Large funds and foreign ...