FDN taps BBVA for loan

FDN taps BBVA for loan

Loans Project & Infrastructure Finance Toll Road Highways Debt Economy & Policy Colombia Spain

Colombian development lender Financiera de Desarollo Nacional (FDN) said it signed a COP1 trillion ($238 million) loan from Spanish lender BBVA to finance infrastructure projects. The 10-year loan, which FDN will repay in 19 semi-annual installments after the first disbursement, comes with backing from the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance division of the World Bank, FDN said in a securities filing on Thursday. FDN also said it will use the proceeds to

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