Faced with raising a US$2bn-equivalent term loan that outstripped the lending capacity of its traditional relationship banks, Metro de Panama cleverly structured the financing in order to draw on as ...

Last week, construction and lining work officially got underway on the first underwater tunnel to pass under the famous Panama Canal for use by the country's Metro Line 3 monorail project.

Citigroup closed a US$315.6m five-year syndicated loan for Metro de Panama (MPSA) in September, but not before installing some complex features into the financing that enabled the state-owned rail ...