Arnold & Porter Advises on AIIB's First Investment in Brazil
Arnold & Porter has successfully guided the Asian Infrastructure Investment Bank (AIIB) in its inaugural Brazilian transaction, a US$30 million on-lending facility to the Development Bank of Minas Gerais (BDMG). Sub-borrowers will use the funds to invest in subprojects that operate in renewable energy and other eligible infrastructure-related sectors and may use proceeds to fund subprojects that link Brazil and Asia via enhanced trade and investment flows across a wide range of industries. This transaction signifies a significant step in AIIB's global initiatives.
The financing documents were entered into by the parties in December 2023.
The Arnold & Porter team was led by partner Chris Willott and included international partner Marc Isaacs and associate Howard Duan.