Gross Brown counsels Ueno on IDB Invest loan
Gross Brown has counselled Ueno Bank in connection with a loan contracted with IDB Invest for the sum of Gs. 150,000 million.
The loan is focused on supporting the growth of local MSME financing portfolios, and promoting financial inclusion by providing credit to enterprises that do not have access to the traditional financial system.
The loan, financed by IDB Invest in local currency, consists of two tranches of 75 billion guaraníes each. The funds will be raised through a public issuance in the capital market under the third local issuance programme registered by IDB Invest with the Superintendencia de Valores.
Gross Brown’s team consisted of partners Eduardo Gross Brown (pictured left) and Pablo A. Debuchy Boselli (pictured right).
