Brazil, Nicaragua Secure IDB Support

Brazil, Nicaragua Secure IDB Support

Bonds Structured Finance

The Brazilian city of Fortaleza is getting a $59.4m IDB loan to finance integrated urban-upgrading for neighborhoods located alongside the main rivers. The loan matures in 25 years and has a grace and disbursement period of 5 years. The loan is denominated in USD and its interest rate is based on Libor. Local counterpart funds for the project total $39.60m. Nicaragua, meanwhile, is getting a $43.50m IDB credit line to improve its road system. The credit line consists of a $21.75m supplemental lo

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