November 18, 2022 |
Ecuadorian holding company Corporación El Rosado is looking to recruit IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), as an anchor investor in an upcoming bond sale in the local market.
IDB Invest could purchase $20 million out of $25 million in the planned five-year bond sale, leaving $5 million for other investors, according to information on the multilateral lender's website.
El Rosado is expected to use the proceeds to switch to more renewable energy s
Ecuadorian business group recruits IDB affiliate to buy $20 mln worth of five-year notes in a $25 mln deal