Home / 2016 / September / October 2016 / AWARDS: Best Local Currency Financing.

AWARDS: Best Local Currency Financing.

AWARDS: Best Local Currency Financing.

September 9, 2016

Corporate & Sovereign Strategy Loans Colombia

All the projects in Colombia’s 4G toll road concessions that have reached financial close so far have raised as least part of the funding in dollars. Autopistas del Nordeste, for one, raised more than 60% of debt in dollars. Two other projects, Pacífico 3 and Costera, included long-term dollar bonds as part of the financing structure. Covipacífico, charged with financing the Pacífico 1 toll road concession, the largest project in the first round of the 4G program, also got a portion in dollars but it raised the majority of funding in local currency.  Local financial services firm Corficolombiana, which owns the lead developer Episol, arranged for Covipacífico to get an 18-year loan for 2.15

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