November 6, 2009
CAF has approved a $50m revolving credit line for state owned Banco de la N
CAF has approved a $50m revolving credit line for state owned Banco de la Nacion so the latter can extend credit to small and medium-sized businesses. The facility is payable in 5 years and carries an interest rate pegged to Libor. The multilateral also announced a medium-term $30m loan for oil company Pan American Energy, but has not revealed more information about terms.