BEST PROJECT FINANCING
Jan 1, 2011
In just three months of extremely choppy external markets, Project Jaguar scored a coup.
As international banks ran scared of taking on emerging market risk it corralled a largely Central American bank group to get cracking on a power project deemed crucial to Guatemala’s future.
Jaguar closed a $350 million 10-year project finance loan at the beginning of April 2010, paying Libor plus 575 basis points. The tenor is longer than expected for Guatemala, where 5-7 years for project finance is more typical.
Jaguar involves construction of a 300 megawatt solid fuel-fired power plant to supply thermal based energy to Guatemala. China Machine New Energy Corporation (CMNE) is the builder. Cabei and Bancolombia were...
Already have an account?
Subscribe
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Subscribe
Free trial
Take a free two-week trial now for the latest news, data and market analysis.
Free Trial