WASHINGTON, June 7, 2022 /PRNewswire/ — IDB Commit supplies a new financing package deal for the Central Railroad Line Challenge in Uruguay to enhance connectivity and integration inside of the country with its capital, Montevideo. The funding consists of a $250 million senior facility through a fastened amount B-bond.
This is the largest B-bond structured by IDB Commit for an infrastructure offer in Latin The usa and the Caribbean.
This is the major B-bond structured by IDB Make investments to date. The proceeds will be made use of to refinance present credit card debt, enhancing the project’s in general funding terms and conditions.
IDB Devote is facilitating the mobilization of capital current market solutions through this B-bond, unlocking financing readily available from intercontinental institutional traders, though supporting Uruguay’s goal of attracting immediate international financial investment and channeling new sources to support infrastructure initiatives.
“Investing in huge-scale, sustainable infrastructure projects can have a transformative impact for the upcoming of our region,” explained Gema Sacristan, IDB Invest’s Chief Investment decision Officer. “At IDB Invest, we proceed to innovate to mobilize funding and catch the attention of new buyers to Latin America and the Caribbean.”
This new facility follows a preceding monetary offer by IDB Make investments in 2019 for approximately $536 million, consisting of a $300 million personal loan from IDB Spend and the remainder mobilized from professional banks and buyers. The project was executed by a public-personal participation (PPP) contract.
The deal is expected to contribute to 4 United Nations Sustainable Development Goals: Decent Operate and Economic Growth (SDG 8), Sector, Innovation, and Infrastructure (SDG 9), Dependable Creation and Use (SDG 12) and Partnership for the Plans (SDG 17).
About IDB Make investments
IDB Commit, a member of the IDB Group, is a multilateral growth financial institution fully commited to endorsing the economic growth of its member nations in Latin The us and the Caribbean by means of the non-public sector. IDB Invest funds sustainable companies and jobs to obtain monetary final results and increase economic, social, and environmental progress in the area. With a portfolio of $14.8 billion in asset management and 376 consumers in 25 international locations, IDB Make investments delivers modern fiscal options and advisory solutions that meet the desires of its clientele in a range of industries.
About Grupo Vía Central S.A.
Grupo Vía Central is a exclusive goal organization proven exclusively for the needs of the design, rehabilitation, and upkeep of 273 km of railway strains among the metropolitan areas of Montevideo and Paso de Los Toros. Its shareholders are very well-known providers internationally and in Uruguay, like SACYR from Spain.
Contact: Ana Lucia Escudero, [email protected]
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