Multilaterals support Mexican solar project

Multilaterals support Mexican solar project

Bonds Structured Finance Mexico Loans Project & Infrastructure Finance

The IIC and the IFC could help finance a new solar project being developed by Cubico and Alten in Aguascalientes, Mexico. The IIC could arrange up to $160m in 20-year financing, with a $110m direct loan and an additional $50m in funding from the China Cofinancing Fund for Latin America and the Caribbean. The IDB and the People's Bank of China (PBoC) created the cofinancing fund with $2bn in 2013.The IFC said it could provide loans for to $70m to fund construction of the 290 MW pho

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