Terms
- Announced
- 14 Apr 2025
- Instrument
- Debt
- Amount
- US$17.8mReported as R$100m (c. US$17.8m), BNDES Fundo Clima, guaranteed by Santander Brasil; the US$ figure is the source's own
- Source
- latamlist.com
Parties
- Project developer
- Mombak
- Country
- Brazil
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Fundo Clima (BNDES) Lender US$14.2m What the disclosed amounts left BNDES Lender US$3.56m Disclosed
Carbon
- Pathway
- ARR (afforestation, reforestation, revegetation)
- Backed by offtakes from
- Microsoft
- Symbiosis Coalition
What happened
- Component of the R$1.25bn package
Kumo note
- A development bank climate fund lending against reforestation on the strength of a Santander Brasil guarantee rather than against the carbon. BNDES support for Brazilian projects is very strong, with lending as low as low single digits. Guarantor: Santander Brasil.
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