Sucden receives IIC loan

Sucden receives IIC loan

Structured Finance Brazil Loans

Sucden secured a $50m revolving corporate loan from the IIC to fund sustainable sugarcane production practices in Brazil. The French sugar company will use proceeds to improve sugarcane fields and upgrade its industrial facilities, the IIC said in a statement. The loan will also support an environmental and social management system in the sugarcane sector in Brazil, the IIC said. The multilateral lender is also considering a five-year $500m A/B loan for the government-owned lender Banco do Brasi

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