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ICE – ECA- lease receivables
26 March 2010
Overcoming hurdles in Costa Rica
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MLA: Bank of China
Lessor: CABEI
Lessee: Instituto Costarricense de Electricidad
Amount: $233 million
ECA: Sinosure
Tenor: 5-years door-to-door
Lawyers: Baker & McKenzie (Hong Kong & New York); Arias & Munoz (Costa Rica); Shearman & Sterling
Equipment supplier: Huawei |
This deal saw the trade flow between China and Latin America break new ground in terms of structure. In a first for the market, Bank of China (BoC) funded a Sinosure-backed lease receivable purchase transaction originated and initially structured by the Central American Bank for Economic Integration (CABEI).
The 3G telecommunications project, for Costa Rica’s electricity and telecommunications provider Instituto Costarricense de Electricidad’s (ICE), saw China’s Huawei...
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