| Project Detail |
This transaction (the “Project”) consists of the subscription for up to US$20 million by IDB Invest of a Green Bond issued by the Royal America Group for up to US$30 million, for a term of up to seven years, and the mobilization of resources to cover the total cost of the project. Royal America will use the Bond resources to finance the purchase and import of electrical machinery for subsequent rental and sale.
Royal America is a regional group that started in Chile and now also operates in Colombia and Ecuador, dedicated to the rental of electric machinery used in distribution centers and industrial cargo movement, with more than 30 years of experience. Through this Project, IDB Invest will be able to contribute to the development of electric mobility within the logistics sector in Chile and Colombia, impacting sectors such as food, retail, agricultural, industrial, among others. |
