September 25, 2013
Oleoducto Bicentenario de Colombia
Significant developments in oil and gas infrastructure in Latin America have led the way for a number of impressive financings recently.
In May, a $730 million equipment-backed loan for a pipe-laying vessel, PLSV Pipelay, brought a new type of risk to market. In December, a syndicate of international banks came together for the $3.1 billion loan for Mexican petrochemical plant, Etileno XXI, one of the largest outside the Middle East.
But what stood out for particular acclaim was that a syndicate of local banks was able to arrange a 2.1 trillion pesos ($1.2 billion) loan for Colombia’s Oleoducto Bicentenario de Colombia.
Despite local lenders’ familiari
Highlighting the growing strength of Colombian banks, oil pipeline Bicentenario was funded purely by local lenders, in an impressive marker for the country’s financial progress