Brazilian food giant eyes green investment

Brazil's biggest food company has its eyes set ongoing green.

BRFSA, which makes more than 5,000 processed-food products from frozen pizzas to lasagnas, is looking to sell so-called green bonds in Europe after it meets with investors next week. It would be the first Latin American business to finance an environmentally friendly project via the bond market in the eight years after the World Bank and Swedish lender SEB AB came up with the idea of branding this type of debt.

For Sao Paulo-based BRF, the deal is an attempt to get cheaper financing by tapping into a broader universe of investors and exploiting Europe's record-low interest rates-especially at a time when Brazil's economic malaise may put off some bond buyers. Since 2010,$80 billion of green notes have been sold around the world, according to Bloomberg Intelligence.