Sumitomo Mitsui Banking Corporation, a member of SMBC Group, and LarrainVial, an independent Latin American financial services company, announced the first close of a new debt fund that will provide Colombian peso-denominated loans for infrastructure and renewable energy projects in Colombia. The total fund size is up to COP900 billion (approximately $200 million).
The debt will help finance private and public projects ranging from transportation and telecom to water, wind farms, schools, and hospitals, while meeting the investment needs of institutional investors in Colombia.
“SMBC is committed to enabling the growth of infrastructure and renewable energy projects across Latin America,” said Luis Fernando Perdigon, Head of Latin America Corporate and Project Finance at SMBC. “With the close of this fund, we are pleased to provide local market funding capacity for Colombian institutional investors that helps bring these projects to life.
Sumitomo Mitsui Banking Corporation and LarrainVial announced the first close of a new debt fund that will provide Colombian peso-denominated loans for infrastructure
Maria Jose Ramirez, President of LarrainVial Colombia, added, “this fund demonstrates the commitment that the Colombian institutional investors have to development projects. We are proud to help support their investment in Colombian infrastructure in a diversified manner.
The new debt fund leverages deep financial expertise in support of Colombian infrastructure and renewable energy projects. SMBC is the leading international bank to provide infrastructure and renewable energy project finance services in Colombia, while LarrainVial is one of the oldest and largest financial intermediation and advisory firms in Latin America.