July 4, 2022 |
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
Colombian development bank borrows $238 mln from the Spanish lender with backing from the World Bank's MIGA