Hotline Accessibility A- A+

Bond and Debentures

Bonds

Sustainability-Linked Notes Units

On April 27, 2021, the Company priced a sustainability-linked notes units offering in the international capital markets (“Sustainability-Linked Notes Units”), in an aggregate amount of US$ 400 million, maturing in 2028 and bearing an interest rate of 5.0% per annum. The Sustainability-Linked Notes Units were issued by its subsidiaries Iochpe-Maxion Austria GmbH and Maxion Wheels de Mexico, S. de R.L. de C.V. The bonds referring to this issuance are susceptible to readjustments in the coupon (interest) if the established sustainability goal is not reached by the Company.

The goal established by the Company was:

  • SPT (Sustainability Performance Target): Reduction of 30% or more in greenhouse gas emissions by 2025
  • Long-Term Goal: Reduction of 70% or more in greenhouse gas emissions by 2030

To access the framework referring to the issuance of the Sustainability Linked Bond, click here

This issue has been certified by DNV, acting as Second Party Opinion (SPO) click here to access

Issue
Issuers Iochpe-Maxion Austria GmbH e Maxion Wheels de Mexico, de R.L. de C.V.
Guarantor Iochpe-Maxion S.A.
Offering Structure Senior Unsecured Sustainability-Linked Notes
Format 144A/Reg-S
Use of Proceeds Refinance certains existing indebtedness
Size USD 400 million
Coupon 5.0%
Listing Singapore Exchange Securities Trading Limited (SGX-ST)/ New York governing law

Debentures

8° Emission
Issuer Issuance Date Ticker Series Term Principal Spread (DI +rate y.y.)
Iochpe-Maxion S.A. 03/26/2018 IOCH18 Single 03/26/2023 R$ 450 million 1,4%
9° Emission
Issuer Issuance Date Ticker Series Term Principal Spread (DI +rate y.y.)
Iochpe-Maxion S.A. 02/11/2019 IOCH19 1 02/11/2024 R$ 338.8 million 0,75%
Iochpe-Maxion S.A. 02/11/2019 IOCH29 2 02/11/2026 R$111.2 million 0,95%
10° Emission
Issuer Issuance Date Ticker Series Term Principal Spread (DI +rate y.y.)
Iochpe-Maxion S.A. 09/16/2019 IOCH10 1 09/16/2024 R$ 350 million 0,75%
11ª Emission
Issuaer Issuance Date Ticker Series Term Principal Spread (DI +rate a.a.)
Iochpe-Maxion S.A. 03/24/2022 IOCH1 1 04/15/2025 R$ 350 million 2.00%
Iochpe-Maxion S.A. 03/24/2022 IOCH1 2 104/15/2027 R$ 400 million 2.60%

Cookies: Iochpe-Maxion uses cookies to customize advertisements and improve the user experience on the website. By continuing to browse, you agree with our Cookie Policy.