CABEI Signs $65m Loan With German KfW

The Central American Bank for Economic Integration (CABEI) has signed a 10-year, $65m bilateral loan with German development bank Kreditanstald fur Wiederaufbau (KfW) for renewable energy and regional infrastructure as it relates to green projects. The loan has a 3 year grace period and a competitive interest rate over Libor, says a person familiar with the deal. CABEI and KfW declined to elaborate on the interest rate. KfW has a history of financing development with CABEI since 1969, which over the last 10 years has funded some $400m in small and medium enterprise, renewable energy, infrastructure and health projects, adds a person familiar with the deal.