CAF leads syndicated loan to CIFI for USD 71.5 million for the development of infrastructure in the region
The syndication, developed jointly with Corpbanca New York, consisted in structuring financing in which nine financial institutions participated
CAF, Development Bank of Latin America, and CorpBanca New York, lead the structuring of a loan for USD 71.5 million to the Corporación Interamericana para el Financiamiento de Infraestructura, S.A. ("CIFI") (Inter-American Financing Corporation for Infrastructure), with the participation of nine financial institutions.
This loan will allow CIFI to continue promoting the development of the infrastructure sector in Latin America and the Caribbean.
The syndication included the commitment and participation of new allies and traditional partners such as CorpBanca (New York), Cordiant Emerging Loan Fund IV, International Finance Bank (IFB), Bancaribe Curacao Bank, Multibank, Inc., Prival Bank, BAC Florida Bank, and Banco Pichincha Panama. The duration of this loan is of five years.
Syndicated loans constitute one of the mechanisms used by multilateral organizations to finance development projects in alliance with other international financial entities.
Thus, CAF's catalytic role in Latin America materializes, channeling resources toward the region and bringing together other prestigious international financial institutions under competitive conditions, such as those attracted to this successful syndication.
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