December 14, 2018 |
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
Mexican firm gets $150m in dollars and pesos from three local lenders