Cosan Clinches Pre-Export Loan

Nov 16, 2009

Brazilian ethanol giant Cosan has wrapped up a $300m 3-year pre-export facility with a group of 8 banks. The amortizing deal, originally launched at $250m, pays Libor plus 400bp and has a 2-year average life. The closing breathes life into a syndicated...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management