Bogota Municipality

Bogota Municipality - MIGA Covered Loan

Borrower (s)
Bogota Municipality
Industry
Other/Healthcare
Area of finance
Export & Agency Finance
Region
Latin America
Countries
Colombia

Deal Overview

The Multilateral Investment Guarantee Agency is covering  the risk of Non-Honoring of Financial Obligations of a sub-sovereign entity for loans of up to COP 1 trillion to Bogotá, Distrito Capital (Bogota or the District), as part of the Pillar 1 of MIGA's COVID-19 Response Program....

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The Multilateral Investment Guarantee Agency is covering  the risk of Non-Honoring of Financial Obligations of a sub-sovereign entity for loans of up to COP 1 trillion to Bogotá, Distrito Capital (Bogota or the District), as part of the Pillar 1 of MIGA's COVID-19 Response Program.

The MIGA-guaranteed loan facility will finance Bogota’s COVID-19 emergency response capacity and investments to improve the quality of healthcare infrastructure and services in Bogota, primarily by upgrading, equipping, and expanding existing healthcare facilities. Specific Project components include investments to improve or expand around 40 public hospitals, labs, and clinics, the purchase of new ambulances, investments in Bogota’s Medical Emergency System, the purchase of COVID-19 test kits and laboratory equipment, and the procurement of personal protective equipment as well as other equipment to mitigate the spread and impact of COVID-19.

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Deal Volume
$ 256.58m
Financial Close
17 November 2021
Sources
Submitted by participant(s), Press release

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Tranches


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