TRADE FINANCING: Vicentin $100m pre-export financing
Securing term financing can be tough for Argentine companies. Agricultural exporter Vicentin worked out a solution
Argentina's difficult economic climate makes it tough for
companies to structure deals. International transactions are
rare. But an A/B loan led by the Netherlands Development
Finance Company (FMO) and Crédit Agricole funneled funds
to a family-held oilseed and by-products processor that wanted
to extend its maturity profile. Vicentin's $100 million,
three-year A/B loan signed in September comprises a five-year,
$25 million 'A' loan from Dutch multilateral FMO and a $75
million, three-year 'B' loan...
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