San Miguel funds expansion plans

San Miguel funds expansion plans

Loans Debt Argentina

Argentine citrus grower San Miguel has secured $100m in funding for up to nine years from IDB Invest, IFC and the Dutch lender Rabobank. Rabobank has contributed $45m to the loan, while IDB Invest and IFC each have put in $27.5m. The two multilateral agencies will also advise San Miguel on good environmental practices, such as the treatment of wastewater, IFC said in a press release. The financing comes with a longer tenor than available in the loan market because it takes at least five years

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