KUALA LUMPUR, March 11 (Bernama) -- Emerging Markets Global Advisory Limited (EMGA), the niche investment bank focused on emerging markets, has announced another landmark Senior Debt capital raise transaction that will allow BTG Pactual to continue the expansion of its small and medium-sized enterprise (SME) lending activities in Brazil.
The US$200 million debt facility was provided by JICA and the transaction follows on from two previous DFI financed facilities of US$140 million and US$300 million, respectively, that EMGA has had also advised on. (US$1 = RM4.187)
In a statement, Managing Director and Head of Investment Banking at EMGA, Sajeev Chakkalakal said: “It was a real pleasure to help BTG’s team again by advising on this additional facility aimed at funding BTG’s small and medium enterprise loan portfolio across Brazil.
“JICA is an important partner of EMGA and its position as a pre-eminent development finance institution also offers another new strategic long term funding source for BTG.”
BTG Pactual: BTG is the largest investment bank in Latin America, the sixth largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations.
BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community.
Meanwhile, JICA: The Japan International Cooperation Agency is a governmental agency that delivers the bulk of Official Development Assistance for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.
EMGA, with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital.
-- BERNAMA
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