May 8, 2018 |
Durli Group has secured $47m in debt from IDB Invest through an A/B loan, the development bank said in a statement last week.
The debt comprised a $38m loan for Brazilian operations and $9m for operations in Paraguay.
For the loan to the Brazilian subsidiary, $13.8m came from IDB funds, $20m from Cordiant Capital and $4.2m from the Chinese Fund for the Co-Financing of the Private Sector of the Americas.
The loan to Paraguay consisted of $6m from IDB Invest and $3m from the Chinese Fund for th
Brazilian leather producer gets dual-tranche $47m loan for operations in Paraguay and its home market