June 18, 2019 |
CAF, the South American development bank, said it has supplied CO134bn ($40.7m) in financing for the toll road concessionaire Devimar in Colombia.
Devimar reached financial close on the Autopista al Mar 1 in March with COP2.23tn in loans from development banks and commercial lenders. The national development bank FDN led a COP1.52tn loan in Colombian pesos with the IDB, IDB Invest, ICO and BlackRock. KfW, SMBC and Société Générale provided a $225m tranche in dollars.
CAF holds an 8.7% stake in
South American development bank provides $41m for Devimar in Colombia