Siderperu refreshes BBVA credit line

Siderperu refreshes BBVA credit line

Debt Loans Regions Andean Latin America South America Peru Green Washing Green Finance

Siderperu, the Peruvian subsidiary of Brazilian steelmaker Gerdau, signed a new $15 million credit line with Spanish lender BBVA to finance scrap metal imports for steelmaking. The deal is $5 million higher than a previous arrangement and represents the renewal of the first sustainable letters of credit for imports in Peru, BBVA said in a press release. "This renewal of a sustainable line of letters of credit strengthens our commitment to our strategic allies and helps to continue developing the

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