IIC considering A/B loan for YPF's Manantiales wind project

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The Inter-American Investment Corporation (IIC) is considering providing a $200 million A/B loan on a corporate basis to YPF. Proceeds will finance the $200 million 100MW Manantiales wind project in Chubut, Argentina. The IIC is due to make a decision on the loan on 4 October 2016. The project comprises the construction, operation and maintenance of a 100MW wind park in two 50MW phases and a 19km 132 kV transmission line. The financing will include a $100 million nine-year IIC A loan and a $100 million seven-year B loan. Both tranches include a three-year grace period.

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