Ficohsa Talks Resort Financing

Ficohsa Talks Resort Financing

Honduras Loans

Honduran bank Banco Financiera Comercial Hondurena (Ficohsa) is in talks with several local banks to syndicate a $35m 10-year loan to finance the second phase of the Honduran Bahia de Tela resort, says Javier Atala, Ficohsa's general manager and executive vice president. He tells LatinFinance that the USD-denominated loan should have an interest rate of about 8% and that he expects to invite multilaterals Cabei and the IFC to participate. Atala expects the first loan disbursement to happen in Q1

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