Regulatory Alerts2018-03-13 | RESOLUCIONES DE DIRECTORIO N° 033/2018Added · Updated
Board Resolution No. 033/2018
The Board of Directors of the Central Bank of Bolivia exceptionally approves modifications to the financial conditions of Credit Contract SANO No. 184/2011 granted to the San Buenaventura Sugar Company (EASBA). The capital grace period is extended from six to nine years, and the annual interest rate is adjusted from 0.85% to 0.88% effective April 5, 2018, with accumulated interest payable in a single lump sum at the end of the ninth year. The resolution prohibits any further modifications to the financial conditions of this contract and authorizes the President of the Central Bank to sign the corresponding modifying contract.
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