Norton Rose Fulbright advises Corporacion Andina de Fomento in US$297 million loan

Global law firm Norton Rose Fulbright represented Corporacion Andina de Fomento (CAF) in its collaboration with Japan International Cooperation Agency to extend a US$297 million syndicated loan to Banco Sicredi, a Brazilian cooperative financial institution.

The Social A/B loan will be allocated to the financing of micro, small and medium-sized enterprises led by women as well as rural producers. Resources will also be directed towards regions with a Human Development Index below the national average.

This loan marks the first of its kind executed by CAF for a Brazilian cooperative financial institution. BNP Paribas and Sumitomo Mitsui Banking Corporation acted as social loan coordinators.

Norton Rose Fulbright’s deal team was led by José Cobeña with assistance from paralegal Juliana Liano Souza (São Paulo).