Polaris Geothermal attracts fundmanager for financing of Nicaraguan project
Alexander Richter
15 May 2009
Polaris Geothermal for its geothermal project in Nicaragua has attracted fund manager Cordiant Capital as a potential participant in the financing.
As reported by Infrastructure Journal (IJ), “the second stage of Polaris’ geothermal project in Nicaragua has attracted fund manager Cordiant Capital as a potential participant in the financing. … At this preliminary stage, the debt structure is currently at US$70 million in A/B loan financing and US$7 million in subordinated debt.”
“Cordiant is a pre-eminent fund manager of emerging market, private sector investments. With USD1.4 billion in subscriptions since inception and a solid record, the firm counts a number of the world’s top institutional investors amongst its clients….Cordiant’s loan funds are structured to mitigate country risk and provide investors with an opportunity to participate in well-structured, market-priced projects and corporate loans in emerging market countries.” (Source: Cordian website)
More information will be posted when available.
Source: Infrastructure Journal (log-in necessary)
