Scotiabank leads ON*NET loan in Colombia

Scotiabank leads ON*NET loan in Colombia

Debt Loans Technology Telecoms Energy Hydro Colombia Canada

Canada's Scotiabank said it has arranged a $221 million syndicated loan for Colombian fiber optic company ON*NET Fibra and also contributed to $250 million in long-term financing for local energy company Isagen. Scotiabank Colpatria, the Canadian lender's local subsidiary, and US investment firm KKR advised ON*NET on the loan, which also involved three other banks, according to a press release on Tuesday. KKR and Telefónica Colombia, a subsidiary of Spanish telecommunications group Telefónica, f

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