IDB Invest finances railroad PPP in Uruguay

IDB Invest finances railroad PPP in Uruguay

International Financial Institutions Debt Bonds Fixed Income Capital Markets United States Mexico Uruguay Railroads

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IBD), said Tuesday that it organized $250 million in financing for a public-private partnership (PPP) in Uruguay to make improvements on a railroad line that connects the cities of Montevideo and Paso de Los Toros. IDB Invest provided the funds through a "B" bond transaction priced at a fixed interest rate, its largest such bond to date, the Washington, DC-based multilateral lender said in a press release. The PPP w

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial