Represents the partnership of BNP Paribas and Citibank in environmentally conscious financing initiatives.
Companhia Brasileira de Alumínio (CBA), the largest aluminum producer in Brazil, has secured a significant financing facility to support its current and future exports. The dual currency pre-export finance loan, totaling approximately US$94 million, has been extended by BNP Paribas and Citibank.
This facility is a sustainability-linked financing, with key performance indicators (KPIs) targeting carbon footprint reduction. SACE, Italy’s export credit agency, plays a crucial role in this transaction by providing a guarantee under its Push Strategy program. This strategy aims to support Italian exports by guaranteeing loans to international buyers who commit to increasing purchases of Italian goods and services.
The financing involves complex coordination across multiple jurisdictions, including Brazilian, Italian, UK, and US legal frameworks. The transaction was advised by Norton Rose Fulbright’s cross-border legal team, highlighting the growing trend of linking capital access to measurable environmental, social, and governance (ESG) outcomes.
Under the terms of the agreement, the proceeds from the transaction will be used for prefinancing CBA’s exports of aluminum and related products, as well as other commodities. This deal exemplifies how export finance can be tied to sustainable development goals and cross-border commercial cooperation.
CBA benefits from this financing not only by meeting its environmental targets but also by deepening industrial trade ties with Italy. The transaction reached financial close on July 31, 2025, and was led by José Cobeña and his team from our website.
References:
- [Source 1]
- [Source 2]
- The financing secured by Companhia Brasileira de Alumínio (CBA) is linked to sustainability, as it targets carbon footprint reduction in line with their environmental science objectives.
- The transaction, a sustainability-linked financing, also demonstrates the vital role of business partnerships with financiers like BNP Paribas and Citibank in supporting climate-change initiatives within the industry.
- The deal underscores the increasing importance of tying finance to measurable environmental, social, and governance (ESG) outcomes in the environmental-science field, as overseen by legal advisors such as Norton Rose Fulbright.
