Infrastructure Bank of the Year-Brazil: Banco Santander

Infrastructure Bank of the Year-Brazil: Banco Santander

The sheer scale of work completed in Brazil over the award review period, coping with the COVID-19 pandemic and involvement in one of the leading deals of the year helped Banco Santander secure its win as the PIF Bank of the Year for Brazil. As the mandated lead arranger on the $1.1 billion LD Celulose greenfield project, which won both this year’s PIF transaction of the year for Brazil as well as the overall loan of the year award, Banco Santander participated in one of the most significant deals put together. The transaction, which represented the largest ever by sponsor Lenzing AG for a single project in the company’s history, included an renewable forestry resource management plan and a

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