A $55million deal set up by Finacom Investment House Limited of Park Lane Buildings, Guardamangia, for the Brazilian agribusiness was highlighted in the prestigious Trade Finance magazine. The magazine is the only truly global publication that concentrates exclusively on the international trade finance market.

Trade Finance’s article describes how Finacom, acting as coordinating arranger to Agrenco, the Franco-Brazilian agro-business group, has arranged a one year secured pre-export finance facility for Inlogs International, which is an Agrenco subsidiary. This is the first time the company has approached the international syndicated loan market. HSH Nordbank, Commerzbank and KBC Group funded the loan.

Trade Finance magazine pointed out that “the US$55 million loan raises to US$80 million the amount of direct financing for grain production available to the Agrenco Group, in addition to another US$40 million provided through Finacom to cooperatives and other suppliers.”

The total amount represents origination of 1.25 million tons of soybeans in the 2005-06 crop. The loan is linked to export contracts in Europe and Asia.