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Financial News: ISA: Finance Ministry Authorizes Loan With BBVA To

ISA: Finance Ministry Authorizes Loan With BBVA To Finance Investments

08/29/2017 - 17:19:00 (RTTNews)

(RTTNews) - The Colombian Ministry of Finance and Public Credit authorized the power company Interconexión Eléctrica (ISA) to enter into an internal loan with Banco BBVA Colombia for 200 billion pesos (US$ 68.04 million). The amount will partially finance ISA's investment plans for 2017.

The contract has a 10-year term from the date of each disbursement, including a two years grace period.

After that, it will be paid in 16 equal and consecutive half-yearly installments. The interest rate will be adjusted by the country's consumer price index.

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