GDF Suez Chile Division Gets $393m Loan

GDF Suez Andino, the Chilean subsidiary of GDF Suez, has obtained a $393m A/B project loan from the IFC and commercial banks Calyon and Fortis to finance the construction of the Central Termoelectrica Andina power station. The loan, says GDF, will consist of two tranches. The first from the IFC is for $100m and the second, from commercial banks, is for $293m. The loan has an amortization period of 17 years and a balloon payment of 25%, the company says.