Produbanco eyes multilateral bank debt

Produbanco eyes multilateral bank debt

Fixed Income Loans Ecuador

Produbanco has requested up to $50 from IDB Invest, according to a statement from the multilateral bank. The loan is expected to consist of $30m in five-year senior unsecured debt, with a one-year grace period, and could feature a potential $20m in eight-year subordinated debt. The senior secured loan could be composed of a $12m loan from the IDB Invest, $13m from the IDB and $5m from the Chinese Fund for Co-financing for Latin America and the Caribbean, the IDB Invest said. The bullet subord

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