Vouga Abogados advised Tape Pora S.A. in all the contractual legal matters for obtaining the financing for the works related to the concession for the construction, duplication and adequacy of Route No. 7 \u201cGaspar Rodriguez de Francia\u201d in the section between Pastoreo and Minga Guaz\u00fa. The advice included the drafting of the contract for the acquisition of bonds, the trust agreement and all other legal documents necessary for the formalization of the transaction.<\/p>\n\n\n\n
Six domestic banks and two foreign banks with local subsidiaries will finance 57% of the works. The banks signed agreements for the acquisition of bonds for Gs. 350,000,000,000,000, to be issued by the concessionaire Tape Por\u00e3 through the Bolsa de Valores y Productos de Asunci\u00f3n S.A. for a term of 15 years, including a 2-year grace period, and a variable rate of 9% to 11.25% per annum, according to the installment payment term.<\/p>\n\n\n\n
To provide security to investors, the structure also provides for the creation of an administration and source of payment trust, whereby Tape Pora transfers the entire right to collect tolls on the concessioned section of Route 7 to an autonomous patrimony that will be managed by Banco Atlas SAECA as trustee.<\/p>\n\n\n\n
The banks GNB Paraguay, Familiar and Sudameris Bank will purchase bonds for 60 billion guaran\u00edes each; Banco Ita\u00fa Paraguay will purchase bonds for 75 billion guaran\u00edes; Banco Regional SAECA, for 65 billion guaran\u00edes, while the banks Amambay and Bancop, and the financial company Solar will purchase bonds for 10 billion guaran\u00edes each.<\/p>\n\n\n\n
The total investment is USD 130,000,000, of which 57% will be covered by the bonds issued, and the other 43% with Tape Pora's own resources, i.e., generated by toll collection and shareholder contributions.
The work is scheduled to be completed in 28 months.<\/p>","protected":false},"excerpt":{"rendered":"
Vouga Abogados asesor\u00f3 a Tape Pora S.A. en todos los asuntos legales contractuales para la obtenci\u00f3n del financiamiento para los trabajos relacionados a la concesi\u00f3n para la construcci\u00f3n, duplicaci\u00f3n y adecuaci\u00f3n de la Ruta N\u00b0 7 \u00abGaspar Rodriguez de Francia\u00bb en el tramo comprendido entre Pastoreo y Minga Guaz\u00fa. La asesor\u00eda incluy\u00f3 la redacci\u00f3n del […]<\/p>","protected":false},"author":1,"featured_media":5824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":2,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n