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Commerzbank and the IDB close green line for Banco Pine in Brazil

On 24 March 2014, Commerzbank, the Inter-American Development Bank (IDB) and Banco Pine S.A. closed a US$115 million syndicated A/B loan to expand access to financing for environmentally sustainable projects in Brazil.

This is the second green loan Commerzbank has completed with the IDB showcasing the German bank’s commitment to sustainable banking practices in Latin America. The green loan comprises a US$75 million A loan from the IDB and US$40 million syndicated B loan from Commerzbank.

Following Moorgate’s outreach the news was covered by: Inspiratia, TXF, gtnews, Global Banking & Finance Review, Renewable Energy News, Biofuels Digest, New Energy World and Environmental Finance

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