Best Local Currency Financing, Best Road Financing, Best Infrastructure Financing: Andes

Best Local Currency Financing, Best Road Financing, Best Infrastructure Financing: Andes

Corporate & Sovereign Strategy

The hybrid bank and bond financing package behind the Rutas de Lima project demonstrates the potential of international and local institutional investor funding for well-structured infrastructure risk in Latin America, particularly when projects have strong support from domestic financial players and governments. “This transaction has proved that appetite exists among local and foreign investors for this type of paper,” Raul Pereira, chief executive of the Rutas de Lima consortium, tells LatinFinance.Rutas de Lima raised $200 million-equivalent through a 15-year senior secured loan. Local currency cash flows enticed in domestic lenders BCP, BBVA and Interbank.Yet Peru’s somewhat shallow com

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