Investor Relations

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Klabin Bonds

Klabin has four active Bond issues: Notes 2024, Notes 2027, Notes 2029 and Notes 2049.

  •  Conventional Bonds (Notes 2024 and Notes 2029)

Klabin has two conventional debt representating securities (notes or bonds) outstanding, maturing in 2024 e 2029, both with an underlying amount of US$ 500 million. The Notes were issued with a coupon rate of 5.250% p.y. and 5.750% p.y. with interest paid on a semi-annual basis.

On April 4th, 2019 - in addition to the Notes 2029 emission -, the Company repurchased US$ 238 million from its initial Notes 2024 underlying issue amount through tender offer. As disclosed on 2Q19 ITR (page 87).

On July 8th, 2019, the Company reopenened (retap) its Notes 2029 emission for additional fundraising of US$ 250 million. As disclosed on the Notice to the Market attached.

ISSUer KLABIN AUSTRIA GMBH
Guarantor Klabin S.A.
Format 144A / RegS
Corporate Ratings  S&P: BB+ | Fitch: BB+
Structure Senior Unsecured Notes
Use of Proceeds Company's Operations
Issue Amount US$ 500 million
Reopen (retap) Amount US$ 250 million
Amount Outstanding US$ 750 million
Coupon 5.750% Senior Notes due 2029
Payment Semi-annual
Listing Singapore | New York Law
ISSUer KLABIN FINANCE S.A.
Guarantor Klabin S.A.
Format 144A / RegS
Corporate Ratings  S&P: BB+ | Fitch: BB+
Structure Senior Unsecured Notes
Use of Proceeds Company's Operations
Issue Amount US$ 500 million
Amount Repurchased (tender offer) US$ 238 million
Amount Outstanding US$ 262 million
Coupon 5.250% Senior Notes due 2024
Payment Semi-annual
Listing Luxembourg | New York Law

 

  • Green Bonds (Notes 2027 and Notes 2049)

For the issuance of these Bonds, several eligibility criteria had to be met, respecting the four pillars comprising the Green Bond Principles - from the International Capital Markets Association (ICMA) -, and certified by Sustainalytics, acting as Second Party Opinion (SPO) (find attached).

The proceeds from these issues are necessarily intended for the financing and/or refinancing, in part or as a whole, of investments and/or costs related to eligible Green Projects, which in turn, are evaluated by Klabin's sustainability governance bodies. Annually, the company publishes a resource allocation report displaying all the investments made, the respective positive environmental impacts and a third party opinion that verifies the process. Find our latest report here.

The company, therefore, establishes a clear and concise criteria for the eligibility of projects that align environmental priorities with efforts to reduce the impact of its activities.

The resources allocated should pertain the following categories:

  • Sustainable Forest Management;
  • Restoration of Native Forests and Conservation of Biodiversity;
  • Renewable Energy;
  • Clean Transportation;
  • Energy Efficiency;
  • Waste Management;
  • Sustainable Water Management;
  • Eco-Efficient and Circular Economy Adapted Products, Production Technologies and Processes;
  • Climate Change Adaptation.

In 2019, Klabin has become the first Brazilian company to issue a bond in this category with a maturity of 30 years (Notes 2049). These issuances reinforce Klabin's commitment and social-environmental footprint in Brazil, evidencing its pioneering practices in sustainability.

ISSUer KLABIN AUSTRIA GMBH
Guarantor Klabin S.A.
Format 144A / RegS
Corporate Ratings  S&P: BB+ | Fitch: BB+
Structure Senior Unsecured Notes
Use of Proceeds Elegible Green Projects
Issue Amount US$ 500 million
Coupon 7.000% Senior Notes due 2049
Payment Semi-annual
Listing Singapore | New York Law
ISSUer KLABIN FINANCE S.A.
Guarantor Klabin S.A.
Format 144A / RegS
Corporate Ratings  S&P: BB+ | Fitch: BB+
Structure Senior Unsecured Notes
Use of Proceeds Elegible Green Projects
Issue Amount US$ 500 million
Coupon 4.875% Senior Notes due 2027
Payment Semi-annual
Listing Luxembourg | New York Law

 

Klabin has a credit rating score of BB+ issued by Fitch Ratings and Standard & Poors.

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