Rutas 2 and 7 completes three-pronged financing

Rutas 2 and 7 completes three-pronged financing

Project & Infrastructure Finance Bonds Debt Capital Markets Fixed Income Loans Paraguay

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

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