IFC, Natixis, Rabobank arrange $295m PXF to boost Argentina's agri-exports

The International Finance Corporation (IFC), Natixis, and Rabobank arranged a $295 million pre-export financing package for Argentinian agribusiness company Vicentin to support its working capital needs for exports of oilseed, oil and sub products.

The financing package consists of $35 million for IFC's own account and $260 million mobilized from Natixis, Rabobank, ING, Credit Agricole, ABN Amro, FMO, Banco Itau BBA, Cordiant Allianz, Cordiant Fund IV, Federated Core Fund and Federated Tender Fund. This includes $89 million of a previous facility, whose tenor was extended. The new deal comprises a six- and seven-year tranche.