April 15, 2021 |
Argentine pharmaceutical company Laboratorios Richmond said it has created a financial trust to finance a $70 million project to build a plant for making biotech products, including the Sputnik V COVID-19 vaccine.
The green, social and sustainability trust will be sold to institutional investors after a roadshow from May 17 to May 31, the company said in a presentation on Wednesday. Banco de Valores will act as the financial trustee of the instrument.
Richmond plans to start the year-long projec
Argentine pharmaceutical company to raise up to $70 mln through a green trust instrument