Prepared by the students of corporate finance at the MBA program of IE Business School, this presentation provides an introduction to project finance and analyzes two case studies involving project finance.
Infrastructure Finance – Building for Growth - Funding of Infrastructure Proj...Resurgent India
Infrastructure projects were funded by equity, bank/institutional borrowings, loans from holding companies, viability gap funding, soft loans, revenue shortfall loans and funding from multilateral financial institutions, IIFCL etc
Prepared by the students of corporate finance at the MBA program of IE Business School, this presentation provides an introduction to project finance and analyzes two case studies involving project finance.
Infrastructure Finance – Building for Growth - Funding of Infrastructure Proj...Resurgent India
Infrastructure projects were funded by equity, bank/institutional borrowings, loans from holding companies, viability gap funding, soft loans, revenue shortfall loans and funding from multilateral financial institutions, IIFCL etc
Solar Project Finance: Turning Sunlight Into Green Rick Borry
Learn more at: http://www.principalsolarinstitute.org/webinar/566
How do you pay for large-scale solar power plants when you need millions to start building, but receive payout over decades? Serious solar energy finance professionals will want to hear structured asset finance and valuation expert Ken Kramer present and answer questions about renewable energy project financing concepts applicable to utility scale solar projects, with a focus on US projects utilizing tax-oriented financing structures.
Ken will describe the mechanics and market participants involved in non-recourse project financing. He will also review currently available US Federal tax benefits for renewable energy projects and tax-efficient transaction structures that have evolved to utilize those benefits. Valuation issues associated with these structures will also be covered.
Students at Cornell and Columbia have recently had the opportunity to hear Ken lecture on this topic. This FREE webinar is your chance to do the same, plus attend the LIVE webinar to find out how to employ these concepts in your 2013 business strategy when Ken answers your questions during a LIVE Q & A segment following his presentation.
Pathway Lending is a distinctly different kind of lender. We are a non-profit, mission-driven organization that has a determination to help with respect for all. We align capital and education with opportunity to create change in Tennessee. Click through the following slideshow to learn more about the financial products that we currently offer.
As one become financially literate it would be beneficial to be familiar with useful terminology used on a consistent basis that involves making financial decisions. Wealth building begins with comprehending. Should an individual seek the proper guidance and do the needed research to understand money the economic crisis recovery will happen. Money behavior and practices are usually learned at home or from surroundings. Be a change agent. Be accountable of your own financial security and start securing today!!
Learn Today...Lead Tomorrow...Demonstrate Forever
LaKesha Landers, Program Director, Office of Financial Literacy
Issued by HSBC Bank USA N.A., these are far from your typical Certificates of Deposit. These are Investor CDs with enhanced opportunity and anchored with the guarantee of your initial principal investment.
Supporting Private Investment in Infrastructure FinanceIwl Pcu
Need for Private Financing:
1.Financing needs are too large to be met soely by donor and host government funds:
need for sustainable solutions
2.Conducive legal and regulatory environment critical: to attract private capital
banks will still be reluctant to undertake new projects in new sectors
3.Partial guarantees can serve as a catalyst for: private financing in new sectors and new projects
development of capital markets.
Solar Project Finance: Turning Sunlight Into Green Rick Borry
Learn more at: http://www.principalsolarinstitute.org/webinar/566
How do you pay for large-scale solar power plants when you need millions to start building, but receive payout over decades? Serious solar energy finance professionals will want to hear structured asset finance and valuation expert Ken Kramer present and answer questions about renewable energy project financing concepts applicable to utility scale solar projects, with a focus on US projects utilizing tax-oriented financing structures.
Ken will describe the mechanics and market participants involved in non-recourse project financing. He will also review currently available US Federal tax benefits for renewable energy projects and tax-efficient transaction structures that have evolved to utilize those benefits. Valuation issues associated with these structures will also be covered.
Students at Cornell and Columbia have recently had the opportunity to hear Ken lecture on this topic. This FREE webinar is your chance to do the same, plus attend the LIVE webinar to find out how to employ these concepts in your 2013 business strategy when Ken answers your questions during a LIVE Q & A segment following his presentation.
Pathway Lending is a distinctly different kind of lender. We are a non-profit, mission-driven organization that has a determination to help with respect for all. We align capital and education with opportunity to create change in Tennessee. Click through the following slideshow to learn more about the financial products that we currently offer.
As one become financially literate it would be beneficial to be familiar with useful terminology used on a consistent basis that involves making financial decisions. Wealth building begins with comprehending. Should an individual seek the proper guidance and do the needed research to understand money the economic crisis recovery will happen. Money behavior and practices are usually learned at home or from surroundings. Be a change agent. Be accountable of your own financial security and start securing today!!
Learn Today...Lead Tomorrow...Demonstrate Forever
LaKesha Landers, Program Director, Office of Financial Literacy
Issued by HSBC Bank USA N.A., these are far from your typical Certificates of Deposit. These are Investor CDs with enhanced opportunity and anchored with the guarantee of your initial principal investment.
Supporting Private Investment in Infrastructure FinanceIwl Pcu
Need for Private Financing:
1.Financing needs are too large to be met soely by donor and host government funds:
need for sustainable solutions
2.Conducive legal and regulatory environment critical: to attract private capital
banks will still be reluctant to undertake new projects in new sectors
3.Partial guarantees can serve as a catalyst for: private financing in new sectors and new projects
development of capital markets.
Webinar presented by TMA SoCal featuring panelists from Business Capital, Midcap Financial and Robins Kaplan with perspectives on borrowing, lending and legal implications during the COVID-19 crisis.
Covid 19 impact on lenders & borrowers webinarChuck Doyle, CTP
Webinar presented by TMA SoCal featuring panelists from Business Capital, Midcap Financial and Robins Kaplan with perspectives on borrowing, lending and legal implications during the COVID-19 crisis.
Webinar presented by TMA SoCal featuring panelists from Business Capital, Midcap Financial and Robins Kaplan with perspectives on borrowing, lending and legal implications during the COVID-19 crisis.
Presentation on social finance and social housing including background on MaRS, the Centre for Impact Investing, motivations, case studies, public policy implications, and areas of interest for housing providers. As presented at CHRA Pre-Congress in May 2012.
We recently worked with a non banking financial institution and helped them create a professional looking version of their existing loan policy documents. The intent was to keep the document clean and impactful whilst breaking away from the usage of Word.
Most of the times these documents are made in softwares such as InDesign but we made it in PowerPoint. The client not only benefited because the document was editable but was also able to re-use it for future projects. Also, the cost of creating this document was in PowerPoint was 8 times lesser than what they would have paid for InDesign work!
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
2. IDB - WHO WE ARE
The IDB provides solutions to development challenges in 26 countries of
Latin America and the Caribbean, partnering with governments,
companies and civil society organizations
The IDB lends money and provides grants. It also offers research, advice
and technical assistance to improve key areas like education, poverty
reduction and agriculture. Our clients range from central governments to
city authorities and small businesses
The Bank also seeks to take a lead role on cross-border issues like trade,
infrastructure and energy
3. IDB - WHO WE ARE
The IDB is the main source of multilateral financing and expertise for
sustainable economic, social and institutional development in Latin
America and the Caribbean.
26 Borrowing member and 22 non-borrowing member countries
$10 billion in approved lending and grants over the past 12 months
Backed by a AAA/Aaa rating by both Standard & Poors and Moody’s
4. IDB PRIVATE SECTOR
Responsible for leading the Bank’s operations without sovereign
guarantee
Partners with commercial banks, institutional investors, co-guarantors, and
other co-lenders to meet the growing of financial resources
Target clients:
Privately controlled entities in all sectors of the economy
Utilities and other infrastructure operators
Banks and other financial market institutions
State-owned companies without a sovereign guarantee
Corporates
5. STRUCTURED & CORPORATE FINANCE (SCF)
SCF focuses on mid to large-cap transactions
Transaction sizes (IDB funds)
Minimum US$10 million
Typical US$35 million or above
Maximum US$200 million
50% of projects cost (25-40% if greenfield)
Target clients:
Privately controlled entities in all sectors of the economy
Utilities and other infrastructure operators
Banks and other financial market institutions
State-owned companies without a sovereign guarantee
Corporates with annual sales of US$100 million and above
6. STRUCTURED & CORPORATE FINANCE
Focus on development effectiveness
Key service sectors: basic infrastructure and financial markets
Support green projects
Better serve the needs of smaller economies
Seek transactions that promote social inclusion
Products
Loans
Guarantees
Partial Credit Guarantees (covering all risks – up to 50% usually or up to 100%
within Trade Finance Facilitation Program) or Political Risk Guarantees
Guarantee amount determined to optimize impact on rating (typically 30%-50%
guarantee for improvement in rating of 3 to 4 notches - local scale)
IDB-reimbursement rights can be subordinated to other investors
7. OPPORTUNITIES FOR THE MAJORITY (OMJ)
Set up as an incubator within the private sector to drive innovation and
best practices in applying market-based solutions to advance economic
and social development at the base of the socioeconomic pyramid (BOP).
US$ 250 million set aside from the Bank’s Ordinary Capital.
Created to foster collaboration between the public and private sector, and
civil society, to attract new resources to address poverty challenges in the
region.
Target clients:
Private sector organizations, corporations, financial institutions, investment funds, and
state-owned companies, without sovereign guarantees, operating in one or more of the
26 borrowing member countries of the IDB and interesting in engaging with the BOP.
Organizations should be in sound financial health and be able to demonstrate a good
record of corporate governance and environmental and social responsibility.
8. OPPORTUNITIES FOR THE MAJORITY
The Opportunities to the Majority initiative supports project with the
potential to deliver business solutions to the 360 million people in the
region living at the base of the pyramid.
To be eligible for financing the project must be:
Financially and structurally sound.
Innovative and with the capacity to be repeated and brought up to scale once
proven successful.
Structured to engage multiple stakeholders.
Lending highlights
Loans and partial credit guarantees
Market-rates
Long tenors
Technical assistance provided with loans.
Coverage between 25-50% of total project cost.
9. OPPORTUNITIES FOR THE MAJORITY
Operating Principles
Invest in business solutions to achieve a positive impact on the lives of the
majority.
Demonstrate that investing in underserved markets is good business.
Apply innovation and creativity to fulfill unmet human needs and contribute
to economic growth.
Create new solutions through alliances with the public and private sectors
and civil society.
Share risk among several partners.
10. IDB PRIVATE SECTOR FINANCIAL PRODUCTS
A/B Loans
“A Loan” – IDB Loan Tranche
Usually the A Loan has a longer tenor than the B Loan
“B Loan” – Participation of Market Players (private investors like
international banks, institutional investors and funds)
The B Loan is pari passu with the A Loan, sharing the risk of the deal
There is no guarantee on the B Loan from IDB
IDB is Lender of Record
11. MOBILIZATION MANDATE
Excerpt from the 8th Replenishment
“ 2.82 Mobilization of additional funds. As part of its cofinancing
activities, the Bank will step up its efforts to mobilize
additional resources, particularly from private sources, for
priority development initiatives, and especially for
infrastructure and public utility projects carried out by the
private sector.”
12. B-LOAN STRUCTURE
Participation Loan
Agreement Agreement
Participants Borrower
B Loan A+B
Loans
One loan agreement – IDB is lender of record and administers entire
loan
IDB fully shares project risk with participants
Participation structure allows participants to benefit from IDB’s
privileges and immunities
13. PREFERRED CREDITOR STATUS (PCS)
Preferred access to foreign exchange in the event of country foreign
exchange shortage
Excluded from general country debt reschedulings
Not subject to mandatory new money obligations under general country
debt rescheduling
Consistent universal recognition - Pakistan, Russia, Argentina
Bank regulators exempt B Loans from mandatory country risk provisioning
Allows rated transactions to pierce sovereign ceiling
Recognized mitigant of country risk under Basel II
14. PCS: CAPITAL TREATMENT OF B LOANS UNDER BASEL II
Standardized approach:
Banks may apply the local currency rating of the borrower (as opposed to
the foreign currency rating), recognizing the effective mitigation of transfer
and convertibility risk
Advanced Internal Ratings-Based (IRB) approach:
Banks may reflect the country risk mitigation afforded by the B loan
structure through lower country risk weighting
15. B-LOAN ADVANTAGE
Tenor profile in the region
INVESTMENT NON INVESTMENT PROJECT
GRADE GRADE FINANCE
UNCOVERED
Generally
(Without MDB Up to 5 yrs. Up to 3 yrs.
Unavailable *
umbrella)
B-LOAN 5 yrs. or greater 3 – 5 yrs. 10 – 14 yrs.
* Chile and Mexico are the only countries where international
lenders have felt comfortable lending on a project finance
basis without an ECA guarantee or MDB umbrella
16. B-LOANS VS. SYNDICATED LOANS
How do B-Loans differ from regular syndicated loans?
Participations vs. Assignments
Assignments create direct contractual rights with the borrower
Assigner becomes a “lender” with full voting and other rights
Participant’s rights and obligations vis-à-vis the borrower are derivative IDB’s
rights and obligations
Lender of Record vs. Agency Role
IDB is not acting as agent
Agent is appointed by the lenders
Agent acts under instruction of lenders
Neither is a fiduciary
17. BENEFITS TO B-LOAN PARTICIPANTS
Participants share IDB’s Preferred Creditor Status and therefore mitigate
transfer and convertibility risk
Where applicable, participants are exempt from mandatory country risk
provisioning requirement
Environmental and Social leadership
Participants benefit from IDB’s relationship with host country governments
(“halo effect”)
Basel II has recognized the value of B-Loans, which can result in lower
ascribed capital allocation (can use local vs. foreign ratings)
18. BENEFITS TO B-LOAN BORROWER
B-Loans complete the entire financial package
Borrowers can achieve financing with longer tenors than without umbrella
cover
B-Loan syndication can introduce new lending relationships to the
Borrower
Simplified administration with one point of contact
Transaction is exempt from withholding tax
19. BENEFITS OF B-LOANS TO IDB
Helps the Bank meet its catalytic role
Tool to spread the credit risk exposure
Mobilization of funds
Gain additional sector expertise from other market players
Maintain our finger on the pulse of the market
20. PARTICIPANT’S VOTING RIGHTS
100%: Change in money terms
100%: Waive or amend conditions precedent
67%: Acceleration by IDB at request of Participants
67%: Release security or waive negative pledge
67%: Waive or amend guarantees or support arrangements
67%: Change in ownership control provision
51%: Waive or amend financial covenants
Consult: Waive or amend non-financial covenants
(Percentages reflect consent level required, based on
total B Loan amount)
21. INFORMATION SHARING
IDB shares with Participants all information we receive from Borrowers under
the Loan Agreement
This includes:
Regular financial reporting
Knowledge of key credit events
22. PARTICIPANT ELIGIBILITY
Objective participant eligibility criteria
“Eligible Financial Institution”
Not incorporated or residing in the country of the borrower or the project
Not an export credit, governmental, or multilateral agency
International investment grade rating from Fitch, Moody’s or S&P
Non-investment grade and unrated financial institutions may be
considered on a case-by-case basis
23. B-LOANS VS. SYNDICATED LOANS
Participants in B-Loans have limited rights compared to typical syndicated
loans
B-Loan Syndicated Loan
Consent right on “money” terms Full voting rights on all credit and
(unanimous), security (67% majority) administrative matters
and financial covenants (51%
majority), subject to materiality Lender has full legal recourse to
Borrower
Has no contractual relationship with
Borrower Disposals subject to Borrowers
approval, but no limitations under
Disposals are subject to IDB approval default scenario
24. B-LOAN PROGRAM
Historical Results
Historical Results
Number of B-Loans Closed: 58
Number of B-Loans Closed: 58
Amount of B-Loan mobilized: $5.87 billion
Amount of B-Loan mobilized: $5.87 billion
Number of historical participants: 124 institutions
Number of historical participants: 124 institutions
27. 2009 2009 2009 2008 2008 2008
Crecera Finance Adeco Agropecuaria S.A. BBVA Banco Continental Gerdau Açominas Bicbanco
Company and Pilagá S.R.L.
Noble Argentina
US$70,000,000 US$77,500,000 US$ 49,000,0000 US$ 10,000,0000 US$ 150,000,0000 US$ 90,000,0000
B Loan B Loan B Loan B Loan B Loan B2 Loan
5 years 2 years 5 years 10 years 7 years 3 years
Argentina Regional Argentina Peru Brazil Brazil
2008 2008 2008 2008 2008 2007
Instituto Costarricense de SABESP ATE III Bicbanco
Peru LNG Linha 4 - Amarela
Electricidad
US$ 400,000,0000 US$ 150,000,0000 US$ 240,000,0000 US$ 110,000,0000 US$ 80,000,0000
US$ 210,000,0000
B Loan B Loan B Loan B Loan B1 Loan
B Loan
Construction + 12 years $100 M 12 yr / $50 M 10 yr 12 years 12 years 3 years
10 years
Costa Rica Peru Brazil Brazil Brazil Brazil
2007 2007 2007 2007 2007 2006
Charrua-Temuco Delba Vessel Telefonica Moviles Colombia Celtins Embratel BBVA Banco Continental
Transmission Line
US$ 375,278,689 US$ 475,000,0000 US$ 20,000,0000 US$ 220,000,000 US$ 105,000,000
US$ 35,278,000 B Loan B Loan B Loan B Loan B Loan
B Loan 10 years 5 years 6 years 5 years 5 years
20 years
Brazil Colombia Brazil Brazil Peru
Chile
2006 2006 2006 2006
ATE II Celpa Investment Cemat Investment Program Crecera Finance
Program Company
US$ 11,754,000 US$ 29,500,0000
B Loan US$ 60,000,0000 B Loan US$ 90,000,0000
12 years B Loan 6 years B Loan
6 years 4 years
Brazil Brazil
Brazil Regional