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IDB Invest sorts out financing for Invenergy in Uruguay

IDB Invest sorts out financing for Invenergy in Uruguay

September 8, 2021
IDB's private sector lender provides an $11.5 mln loan and arranges a $55.5 mln private placement for the Cardal transmission project

International Financial Institutions Inter-American Development Bank (IDB) Bonds Debt Fixed Income Loans Capital Markets Uruguay United States Project & Infrastructure Finance Energy Electricity

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

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