October 10, 2019 |
Rutas 2 and 7 Finance has completed a three-pronged project finance deal for $570m to fund a toll road public-private partnership (PPP) in Paraguay, a government official told LatinFinance.
As part of the deal, Rutas 2 and 7 Finance has issued $290m in cross-border bonds to yield 5%. It previously shored up $200m in loans from the Inter-American Development Bank (IDB) and IDB Invest and received guarantees for up to 80% from the IDB through a structure that involves roughly $80m in equity invest
SPV issues $290m in cross-border bonds to fund the first toll road PPP in Paraguay