EPM obtains A/B loan for Ituango hydro plant

EPM obtains A/B loan for Ituango hydro plant

Loans Fixed Income Project & Infrastructure Finance Debt Colombia

IDB Invest has signed a $1bn A/B loan for Empresas Publicas de Medellin (EPM), which the Colombian unit will use for the 2.4 GW Ituango hydroelectric power plant. According to a statement from the multilateral, EPM will receive a 12-year $350m A portion and a 12.75-year $650m B tranche. The A loan features $300m from IDB Invest's own coffers, while $50m comes from the China Fund for Co-Financing in Latin America and the Caribbean. Canadian pension fund CDPQ and German development lender KfW IPEX

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