IFLR1000

Shougang Hierro $500 million financing

26/7/2017
Project finance
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$ 500 million

Announced

26/7/2017

Overview:

  • Shougang Hierro Peru obtained $500 million in financing from Industrial and Commercial Bank of China.
  • The borrower will use the proceeds for the expansion of an iron ore mill and to refinance its debts. 

Rani Mehta - Journalist 

Jurisdiction:

Peru

Deal type:

Project finance

Practice areas:

Banking
Project finance

Industry sector:

Mining

Firms:
Arbe Abogados

Party: Industrial and Commercial Bank of China (Lender)

Garrigues

Party: Shougang Hierro Peru (Borrower)

Lawyers: Jorge Fuentes, Oscar Arrús

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