EMGA SECURES US$160 MLN LOAN FOR BTG PACTUAL FROM AIIB

 

KUALA LUMPUR, July 14 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has arranged a US$160 million senior unsecured loan for its Brazil-based client, BTG Pactual, marking another milestone in their long-standing relationship. (US$1=RM4.24)

The seven-year facility was provided by the Asian Infrastructure Investment Bank (AIIB), representing the multilateral lender’s largest deal to date with a Brazilian private sector bank. According to a statement, this latest transaction brings EMGA’s total advisory-led financing for BTG Pactual to US$1.1 billion.

“This facility again demonstrates our long-standing relationship with BTG,” said EMGA Managing Director and Head of Investment Banking, Sajeev Chakkalakal, adding that the funds will boost BTG’s water and sanitation environmental, social, and governance (ESG) portfolio.

Meanwhile, its Managing Director and Head of Operations, Jeremy Dobson, highlighted the significance of the partnership with AIIB, calling it “our first transaction together” and underscoring Brazil’s importance in EMGA’s emerging markets strategy.

“To date, EMGA has secured close to US$2 billion of investments into Brazil,” said Dobson.

BTG Pactual, Latin America’s largest investment bank, is a pioneer in climate finance in Brazil, supporting projects with community impact from small and medium enterprises (SMEs) to large corporations.

AIIB, the world’s second-largest multilateral development bank, aims to improve social and economic outcomes across Asia through strategic investments.

EMGA, based in London and New York, has a track record of more than US$9 billion in transactions across emerging and frontier markets.

-- BERNAMA