IDB Signs Barbados and Nicaragua Facilities

IDB Signs Barbados and Nicaragua Facilities

Bonds Structured Finance

The IDB has approved loans for Barbados and Nicaragua. Barbados will get 2 facilities, one for $50m and another for $20m. The larger loan will help the Barbados Water Authority to modernize its infrastructure and improve efficiency. It has a 25-year term, a 5-year grace period and is priced basis Libor. The $20m loan will help raise agricultural health and food safety standards to international levels, it will have a 25-year term, a 4-year grace period and a variable interest rate based on Libor

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