Cofco International, a branch of the Chinese State-owned Cofco and the largest importer of Brazilian soybeans, has returned to the sustainable financing market. The company guaranteed, together with a group of 7 banks, a loan of US$ 700 million, with interest rates linked to the fulfillment of sustainability goals.
The company intends to expand its traceability capacity for Brazilian soybeans, helping to build sustainable development chains.
In 2019, the company had already announced the raising of US$ 2.3 billion, also linked to sustainability initiatives.
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