IDB Invest syndicates $2.2bn Brazil pulp financing
IDB Invest, IFC, Finnvera, and J.P. Morgan have closed a $2.2 billion financing package for Arauco’s Sucuriu greenfield pulp project in Mato Grosso do Sul, Brazil. The transaction comprises a $1.25 billion loan jointly arranged by IDB Invest and IFC, including eight participant banks and...