EMGA Obtains US$90 Mln Financing For Brazil-based Client From EIB

KUALA LUMPUR, Dec 20 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has secured US$90 million in debt finance for its long-standing Brazil-based client, BTG Pactual, the largest investment bank in Latin America. (US$1=RM4.50)

According to a statement, the US$90 million senior unsecured loan was provided by the European Investment Bank (EIB) and the transaction follows on from a very recent transaction also advised by EMGA for US$210 million.

EMGA Managing Director and Head of Investment Banking, Sajeev Chakkalakal said this was a fantastic add-on transaction to the US$210 million green financing facility that the company raised for BTG from EIB.

bootstrap slideshow

“In this instance, this financing is aimed at funding BTG’s SME Lending portfolios and has an especially high development impact given that the finance will support small business development in disadvantaged regions of Brazil, and the additional focus on female entrepreneurs.

“EIB remains a key investor relationship for EMGA, and we are proud to have helped them increase their presence in Brazil as part of their broader EIB Global strategy,” added Chakkalakal.

Meanwhile, EMGA Managing Director and Head of Operations, Jeremy Dobson expressed pride in continuing the successful collaboration with BTG Pactual and EIB, reinforcing their commitment to arranging financing in Brazil and Latin America.

bootstrap slideshow

The EIB finances and invests both through equity and debt solutions and focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure.

On the other hand, EMGA, with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital.

-- BERNAMA