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Clifford Chance advises on refinancing for Rutas 2 y 7 road project in Paraguay

Leading international law firm Clifford Chance has advised the Inter-American Investment Corporation (IDB Invest) and the Inter-American Development Bank (IDB) on the US$218.5 million 15-year bond issuance to refinance the Rutas 2 y 7 road project in Paraguay, which is owned by Sacyr Concesiones and Ocho A. The proceeds of the bond will be used to refinance the existing credit facility provided by IDB and IDB Invest to concession-holder Rutas del Este in 2019, as well as to finance the remaining works of the project. ....

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