Banco Latinoamericano de Comercio Exterior, S.A. (
Bladex or the
Bank ) today announced the successful closing of a US$300 million 7-year senior secured term loan (the
Facility or the
CMI Energía or the
Company ) as part of a US$1.0 billion liability management exercise, thus optimizing the Company s financial structure. The Facility is guaranteed by the Company s main renewable energy projects/subsidiaries and secured by shares of the majority of such operating entities.
Owned by Corporación Multi Inversiones (
CMI or the
Group ), one of Central America s largest agro-industrial conglomerates with headquarters in Guatemala, CMI Energía is the leading renewable energy player in Central America operating a portfolio of over 800MW of renewable assets. The Company currently has presence in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and the Dominican Republic.
Colombian lender Banco Davivienda and Central American renewable energy company CMI Energía both priced new issues inside the ranges indicated at guidance on Thursday, as Latin American bond markets took advantage of a strong bid for US Treasuries.
Banco Davivienda is preparing what would be the first additional tier one (AT1) bond issue from Colombia’s banking sector, with the country’s second largest lender having begun investor calls on Monday ahead of a proposed perpetual non-call 10 year Basel-III compliant AT1.
Adriana Cárdenas, Managing One of the Ten Best Credit Cards latinamericanpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latinamericanpost.com Daily Mail and Mail on Sunday newspapers.
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