The deal consists of a 20-year US$115 million A/B Bond to Salaverry Terminal Internacional (STI), concessionaire of the main multi-purpose and bulk port in Northern Peru. STI operates the port under a 30-year concession granted in 2018. Proceeds from the A/B Bond will be used to refinance a mini-perm construction facility with a long-term non-recourse project finance financing solution, tailored to STI’s debt service capacity during the concession life. IDBI is providing US$50 million of the total financing while the remaining US$65 million will be funded by three institutional investors via a Rule 4a(2) private placement.