Regulatory Alerts2014-06-05 | RESOLUCION DE DIRECTORIO Nº 039/2014Added · Updated
Board Resolution No. 039/2014
The Board of Directors of the Central Bank of Bolivia approves a concessional extraordinary credit of Bs101,200,000 to the Bolivian Company of Hydrocarbon Industrialization (EBIH) to finance the "El Alto" natural gas pipeline plant project and reimburse prior trust resources. The loan carries a 20-year term with a 5-year grace period on principal and interest, an annual interest rate of 0.62%, and is guaranteed by non-negotiable Treasury Bonds issued by the General Treasury of the Nation. EBIH must open specific disbursement and payment accounts at the Central Bank, and the Ministry of Hydrocarbons and Energy is responsible for monitoring the use of funds.
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