Brazilian and international firms advised on loan to CAF
Silveiro Advogados advised the borrower Banco Cooperativo Sicredi and Dias Carneiro Advogados and Norton Rose Fulbright US LLP advised Corporación Andina de Fomento (CAF) as main lender alongside Japan International Cooperation Agency in a USD 297,000,000.00 AB Loan.
BNP Paribas and Sumitomo Mitsui Banking Corporation also participated in the deal as joint social loan coordinators.
The amount will be allocated to finance micro, small, and medium enterprises, both urban and rural, in municipalities with a Human Development Index (HDI) below the national average, and operations related to the female entrepreneurship incentive program, thereby promoting business development, equality, and financial inclusion.
Silveiro Advogados advised Banco Cooperativo Sicredi and relied on partners Rafael Brunati (pictured top left) and Rodrigo Candia (pictured top right).
Dias Carneiro acted as local counsel for CAF and relied on partner Pedro Malvezzi de Araújo (pictured bottom left).
Norton Rose Fulbright US LLP served as local counsel in New York, NY and relied on partner Jose Cobeña Serrano (pictured bottom right).
In-house counsel to CAF: Fábio Contente.
