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Angamos Lenders Invoke Market Disruption

Dec 3, 2008

A $989m 17.5-year project loan for AES Gener’s Angamos mining project in northern Chile will see its first disbursement this Friday, say people close to the process. Lenders are understood to be invoking a market disruption clause that will shift the reference rate up from...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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