Cydsa funds LPG storage site

Cydsa funds LPG storage site

Loans Project & Infrastructure Finance Debt Energy Gas Mexico

Cydsa said it has financed an underground liquid petroleum gas (LPG) storage facility with a long-term loan in dollars and pesos. The state-owned development Banobras led the 18-year loan for roughly $150m, along with the export credit agency Bancomext and the commercial bank Banorte. The lenders split the financing into $85.6m in dollars and MXN1.36bn ($66.7m) in pesos.  Cydsa signed a 20-year contract with Mexico's state-owned oil company Pemex in November 2014 to build and operate a salt cave

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial