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IDB signs two-part loan for Bolivian transmission line

IDB signs two-part loan for Bolivian transmission line

October 26, 2018 | Mario Marroquin
South American nation nets $78m in long-term financing to help its national power grid

Loans Corporate & Sovereign Strategy Bolivia

The IDB said on Thursday it will lend $78m to partially fund a 240km high voltage transmission line connecting the municipality of San Ignacio de Velasco with the Bolivian national grid. The multilateral said in a statement that the funds would come from its ordinary capital. The two-tranche loan will help prepare future network links from the municipality to San Matia, 300km away. Tranche one is a $66.3m, 30.5-year loan priced at a factor over Libor and will have a 6.5-year grace period. The re

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