May 5, 2017 |
Ruta del Cacao, a concessionaire led by Spanish developer Cintra, seeks institutional funding for the Bucaramanga-Barrancabermeja-Yondo toll road in Colombia.
BBVA is structuring COP1.75tn ($588m) in financing, split between an 18-year tranche in inflation-linked UVRs and a 14-year tranche in pesos, LatinFinance has heard.
The debt funds will provide the longer tranche, while local banks will participate in the shorter tranche. Bancolombia and other commercial banks are expected to participate
Ruta del Cacao plans to divide the financing between an 18-year tranche in UVRs and a 14-year tranche in local currency, sources say