Ecuador Gets $62.2m IDB Loan

Ecuador Gets $62.2m IDB Loan

Bonds Structured Finance

Ecuador has secured a $62.2m 20-year loan from the IDB for the renewal of the TAME Línea Aérea de Ecuador aircraft fleet. The deal carries a national government guarantee, has a one-year grace period, and pays a variable interest rate. "The program will facilitate integration and connectivity in Ecuador, especially among the country's most isolated and disadvantaged areas, through improvements in the operations and commercial air transportation services provided by TAME," says IDB team leader Es

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