Sao Martinho gets IFC funding

Sao Martinho gets IFC funding

Structured Finance Brazil Loans

Brazil's Sao Martinho has secured $90m in funding through the IFC to increase sugar and ethanol production. The IFC has provided an eight-year A loan for $60m and brought in the Dutch bank ABN Amro for a five-year $30m B loan, the multilateral agency said in a statement. Sao Martinho had requested an A/B loan for up to $100m earlier this year to help cover investments in the next harvest. Brazil's fourth largest sugarcane procession company has said it plans to increase production by 18.5% in th

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