March 16, 2017 |
Banobras expects to close financing for the Red Compartida wireless telecommunications PPP in Mexico by next week at the latest, LatinFinance has heard.
The development bank will provide a three-part credit for $1.75bn as previously arranged, but the project sponsor Altan will increase its equity contribution to cover the recent decline in the peso, said Juan Daniel Mendoza, the head of federal highways at Banobras.
The financing plans now involve roughly 68% debt and 32% equity, compared to the
Project sponsor Altan will chip in more equity to cover fluctuations in the exchange rate