Masisa lands ESG loan

Masisa lands ESG loan

Loans IDB Invest ESG Chile

Chilean wood products maker Masisa said that it has taken out a five-year bilateral loan for up to $35 million from IDB Invest to finance its 2021-23 investment plan and working capital needs. The loan from IDB Invest, the private sector affiliate of the Inter-American Development Bank, will be tied to environmental, social and governance (ESG) criteria, Masisa said late Monday in a securities filing without providing further details. IDB Invest said the funds will go toward launching new lines

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