OPEC Fund Arranges $50 Million Syndicated Loan Facility to Promote Access to Finance for SMEs in Paraguay
The OPEC Fund for International Development (the OPEC Fund) has arranged a syndicated loan with a US$50 million facility for the benefit of Banco Continental in Paraguay. While the OPEC Fund will contribute US$25 million from its own resources as A-lender, it has also mobilized a US$25 million B-loan from Commercial Bank of Dubai. The OPEC Fund acted as sole Bookrunner, Mandated Lead Arranger and Facility Agent.
Photo courtesy of Christophe Maertens.
Source: Zawya (link opens in a new window)
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