CMPC secures $340m loan

CMPC secures $340m loan

Loans

Chilean pulp producer CMPC has agreed a $340m loan from export credit agencies in Sweden and Finland to finance the construction of a $2.1bn cellulose plant. Finland’s Finnvera and Sweden’s EKN will disburse the capital at a later date, depending on how the project progresses. The 12-year loan pays 3.5% and will be used to buy industrial equipment in the Scandinavian countries, a source at the company told LatinFinance. Banco Santander and Sweden’s Nordea Bank managed the deal. CMPC has so far r

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