Banco de Inversión y Comercio Exterior’s $113.1 Million Loan


Martínez de Hoz & Rueda advised on the transaction

Banco de Inversión y Comercio Exterior (BICE) secured a $113.1 million loan from Agence Française de Développement (AFD): the French Development Agency.

Proceeds will be used to finance the development of renewables energy projects in Argentina.

Banco de Inversión y Comercio Exterior S.A., a second-tier public bank, provides various banking products and services for small and medium enterprises, and financial entities in Argentina.

Martínez de Hoz & Rueda (MHR) advised the French Development Agency with a team including José Martínez de Hoz (nieto) (Picture) Jimena Vega Olmos and Valeria Celesti.

Involved fees earner: Valeria Celesti – Martínez de Hoz & Rueda; José Martínez de Hoz (n) – Martínez de Hoz & Rueda; Jimena Vega Olmos – Martínez de Hoz & Rueda;

Law Firms: Martínez de Hoz & Rueda;

Clients: Agence Francaise de Developpement;