Best Mining Financing, Best Infrastructure Financing: Brazil

Best Mining Financing, Best Infrastructure Financing: Brazil

Corporate & Sovereign Strategy

This $3.1 billion term loan package attracted a variety of funding sources and closed amid a tough market. Moreover, it has further opened the door for Korean funding for infrastructure — in a country that is scaling back its domestic development bank as it rolls out billions of dollars in concessions. The transaction, backing what is to be one of the largest steel mills in Brazil, is comprised of a $2.1 billion syndicated loan and a $1 billion bilateral loan. The Korean Export Import Bank (Kexim), the Korea Trade Insurance Corporation (K-Sure), and BNP Paribas, HSBC and Mizuho and Santander participated on the $2.1 billion loan, while BNDES provided the $1 billion credit.“Now we really exp

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