Interagua seeks IIC financing

Interagua seeks IIC financing

Bonds Structured Finance Ecuador Loans

Ecuador's Interagua has asked the Inter-American Investment Corporation (IIC) for $60m in long-term financing to fund investments and extend the water concessionaire's debt maturities.Interagua won a 30-year contract in 2001 to provide water and wastewater services in the city of Guayaquil. The water concessionaire wants the IIC funds to cover part of its five-year investment plan and also refinance some of its short-term debt. Interagua plans to pay for 23% of its $470m investment program

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