Guatemalan Clinches A/B Loan

Banco Agromercantil de Guatemala (BAM) is receiving a $100m senior unsecured A/B loan led by the Netherlands Development Finance Company (FMO), it says. A $50m, 7-year tranche from FMO and Germany’s DEG comes at Libor+425bp. A $50m 5-year commercial bank tranche pays Libor+400bp, and includes participation from Westtrust Bank, Davivienda El Salvador, Global Bank, Interbanco, Banco Aliado, Banco Ficohsa and BICSA. Their participation levels were not disclosed. The loan will be used to enhance BAM’s long-term lending capabilities, with a focus on renewable energy projects, as well as SME and private sector growth in Guatemala and Central America.