AEI Guatemala Plant Wraps Up Loan Syndication

Apr 6, 2010

AEI has closed a $350m 10-year term loan for construction of the 300MW Jaguar Energy Guatemala power plant, after tapping mostly regional lenders. The developer formerly known as Ashmore had sought a $500m A/B loan in 2008. But after waiting out the global credit crisis, it launched in December a single-tranche $350m 10-year loan...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management