IDB Invest funds SME loans for Daycoval

IDB Invest funds SME loans for Daycoval

Loans Debt Brazil United States

IDB Invest said it has arranged $430 million in financing for Banco Daycoval to increase loans to small and medium-sized enterprises (SME) in Brazil. The multilateral lender contributed $150 million to the four-year facility and mobilized $280 million from commercial banks in dollars and euros. The commercial lenders were Santander, Itaú BBA, Industrial and Commercial Bank of China (ICBC), Citi, Commerzbank, Standard Chartered, Bladex, Banco Bci, Banco de Occidente, Banco Safra, BHD Internationa

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