Madrona Advogados assisted Tecsoil’s in the public offering distribution of Certificates of Agribusiness Receivables (“CRA”) issued by Gaia Securitizadora S.A. (“Gaia”), in the total amount of up to R$150MM backed by two Certificates of Agribusiness Credit Rights (CDCA) issued by Tecsoil in favor of Gaia. The issuance is guaranteed by fiduciary assignment of agribusiness credits and guarantee granted by company of Tecsoil’s economic group headquartered at USA. The CRA are aligned with the Green Bonds Principles and the Climate Bonds Standards.
The Certificates of Agribusiness Receivables are issued by companies that securitize agribusiness credits and whose main objective is to allow the acceleration of future credits deriving from income that arises from agribusiness. It is a very important financial product that gives security to investors interested in the agribusiness market. Something to be emphasized is that the proceeds will be exclusively applied to contracting of specific projects that aim at sustainable agriculture by Tecosil, which involves the applications of solutions that are aligned with the Green Bonds Principles e the Climate Bonds Standards. Therefore, the CRA issued by Tecosil can be considered a highly effective financial instruments on promoting the sustainable development in the country.