📋 Tender Overview
COMPANY NAME
SIDERSA S.A.
PROJECT NUMBER
15156-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip
B
COUNTRY: Argentina
SECTOR: Manufacturing
STATUS: Proposed
DISCLOSED DATE
01/23/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
02/28/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Corporates Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
USD $ 50,000,000
FINANCING AMOUNT
USD $ 50,000,000
CURRENCY
USD
Project scope and objective
SIDERSA S.A. ("SIDERSA" or the "Company") is an Argentine company specialized in the commercialization and distribution of high-quality steel products. The Company is dedicated to providing comprehensive steel solutions, offering a wide range of products such as sheets, coils, profiles, and tubes, which are used in various industries, including construction, mining, energy, automotive, and agribusiness.
The transaction consists of financing for the construction and commissioning of a new steel mill that will use metal scrap as raw material in San Nicolás de los Arroyos, Buenos Aires Province, Argentina (the "Project"). The total investment of the Project amounts to approximately US$300 million, of which BID Invest is structuring a Sustainability-Linked Loan ("SLL") guaranteed on a long-term basis for up to US$100 million.
