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Brazil’s Klabin follows Suzano with sustainability-linked bond offering

Shutterstock.com/melnikof

Brazilian paper producer Klabin has hired Clifford Chance LLP in São Paulo and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to raise US$500 million in a sustainability-linked bond issuance, becoming the second Latin American company to issue such bonds in the international capital markets after Suzano.