Home / Daily Briefs / 2017 / Terna funds transmission line in Uruguay

Terna funds transmission line in Uruguay

Terna funds transmission line in Uruguay

July 20, 2017 | Mick Bowen
Italian energy company signs $81m in long-term financing from the IDB and BBVA

Structured Finance Loans Uruguay Project & Infrastructure Finance

Terna said it has received $81m in financing to build a transmission line in Uruguay. The Italian energy company got a 17-year $56m through the IDB at 235bp over Libor, alongside a 15-year $25m loan from the Spanish bank BBVA at 210bp over Libor. The IDB contributed $23m to the long-term financing, while the China Co-Financing Fund for Latin America and the Caribbean provided $18m and the IIC added $15m.  The French research firm Vigeo Eiris classified the facility as the first green loan with a

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