Barros & Errázuriz advised Aceros Aza in the execution of a financing agreement
December 28, 2020 · 1 min read
Barros & Errázuriz advised Aceros AZA in the contracting with Banco Santander Chile of a committed credit line structured in ESG (environmental, social and governance) format.
The product is structured in such a way that the interest rate on the financing is linked to the reduction of its CO2 emissions for each ton of raw steel produced, which is of great relevance to the company in terms of its commitment to reduce its emissions of this type by 50% by 2030 and to become carbon neutral by 2050.
