now loading...
Wealth Asia Connect Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
IDB Invest signs hybrid financing for Peru port
Innovative facility is tailored to terminal’s debt capacity over remaining lifespan of PPP concession
Michael Marray 11 Jan 2023

The Inter-American Development Bank, through its private-sector arm IDB Invest, has signed an innovative refinancing facility to support the modernization of a multi-purpose port terminal in Peru.

The bank is an anchor investor in Peru’s first A/B bond, consisting of an A loan and a 20-year B bond, for the Salaverry Terminal Internacional (STI). The transaction has a value of US$115 million, of which IDB Invest contributes a first tranche of US$50 million and institutional investors US$65 million in a second tranche. 

The hybrid financing structure, a first in the Peruvian project finance market, is tailored to STI’s debt capacity over the remaining lifespan of the 30-year public-private partnership concession.

White & Case advised STI, while Allen & Overy advised IDB Invest.

The project will enable the terminal to meet increasing logistics demands from various sectors, such as agricultural export, grains and mining production.

Conversation
Grace Chong
Grace Chong
lead, regulatory & digital business
Simmons & Simmons JWS
- JOINED THE EVENT -
Webinar
The future of digital assets
View Highlights
Conversation
Andy Chang
Andy Chang
president
Cathay Securities Investment Trust
- JOINED THE EVENT -
7th Taiwan Investment Summit - Webinar Series 2021
Transitioning to a green future
View Highlights