IDB, Banobras Lend to Mexico Infrastructure

IDB, Banobras Lend to Mexico Infrastructure

Bonds Structured Finance

The IDB has approved a loan of $350m for Mexican infrastructure and public services projects, the first from a $1.2bn line of credit. Funds will be disbursed through development bank Banobras to Mexican state and municipal governments and public service providers to finance priority investments in infrastructure, public services and strengthening institutions. The $350m loan is for 20 years, with a 5-year grace period and an undisclosed Libor-based interest rate. Banobras will use the IDB fundin

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