September 8, 2021
IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Tuesday that it organized $67 million in financing for US power generation company Invenergy to develop a transmission project in Uruguay.
IDB Invest provided a loan for $11.5 million and arranged a private placement for $55.5 million with US financial services group Prudential Financial.
"Through the B-bond structure, IDB Invest will help unlock financing available from international institutional investors at longer t
IDB's private sector lender provides an $11.5 mln loan and arranges a $55.5 mln private placement for the Cardal transmission project