Tropicália gets guarantee

Tropicália gets guarantee

Project & Infrastructure Finance Loans Energy Electricity Brazil

Brazil's Tropicália Transmissora de Energia has received a two-year, BRL379m ($98.4m) guarantee from Santander and SMBC for a new transmission line in the state of Bahia, LatinFinance has heard. Tropicália will use the guarantee to cover the completion risk in the long-term loan it received for the same amount last year from the regional development bank Banco do Nordeste Brasil (BNB), said a source close to the deal. Project finance guarantees in Brazil usually come shortly before the first loa

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