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Nordic Asset Managers Target Brazil Debt After Amazon Fires


Nordic Asset Managers Target Brazil Debt After Amazon Fires
Jan 26 2021, 11:15 AM
January 25 2021, 7:06 PM
January 26 2021, 11:15 AM
(Bloomberg) Nordic asset managers that warned deforestation in Brazil is creating unacceptable risks for sovereign bondholders are starting to run out of patience.
(Bloomberg) Nordic asset managers that warned deforestation in Brazil is creating unacceptable risks for sovereign bondholders are starting to run out of patience.
With the rate of burning in Brazil’s Amazon and Pantanal regions on the rise, 50 financial managers overseeing around $7 trillion have now agreed to step up their pressure campaign, according to Storebrand ASA, the Norwegian life insurer that launched the movement about a year ago. If they don’t see signs of improvement, Brazil could lose investors and ultimately face higher borrowing costs. ....

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