Cordoba province receives IFC funding

Cordoba province receives IFC funding

Bonds Structured Finance Argentina Loans Project & Infrastructure Finance

The IFC said it has organized $150m in financing for the province of Cordoba in Argentina to improve roads in and around the capital city. The multilateral lender has provided an eight-year $100m loan and also arranged a six-year $50m loan from Spanish bank Santander. "IFC’s lending is provided on commercial terms and without sovereign guarantees," it said in a statement.Proceeds will help build 17km of new roads and close the beltway around the capital of Cordoba. The province will also us

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