IFLR1000

Ivato and Nosy Be airports €250 million financing

10/7/2017
Financing
Select tab

€ 250 million

$ 291 million

Announced

10/7/2017

Overview:

  • The Ivato and Nosy Be airports in Madagascar have received €250 million financing.
  • The financing was provided by project sponsors - Aéroports de Paris Management, Bouygues Bâtiment International, Colas and Meridiam Africa and by lenders - International Finance Corporation, Proparco, Emerging Africa Infrastructure Fund, Development Bank of Southern Africa and Opec Fund for International Development.
  • The proceeds will be used to develop, clean, maintain and operate the airports.
  • Axelcium has provided financial advice to the Republic of Madagascar.

Katrin Kostadinova - Data analyst

Jurisdictions:

France
Madagascar

Deal type:

Financing

Practice area:

Banking

Governing law:

Madagascar

Industry sector:

Aviation

Firms:
Allen & Overy

Party: International Finance Corporation (IFC) (Lender)

Party: Proparco (Lender)

Party: Emerging Africa Infrastructure Fund (Lender)

Party: Development Bank of Southern Africa (DBSA) (Lender)

Party: OFID - OPEC Fund for International Development (Lender)

Gide Loyrette Nouel

Party: Aéroports de Paris Management (Sponsor)

Party: Bouygues Bâtiment International (Sponsor)

Party: Colas (Sponsor)

Party: Meridiam Africa (Sponsor)

Party: Ravinala Airports (Borrower)

Lawyers: Axelle Toulemonde, Laetitia Lemercier, Marie Bouvet-Guiramand, Stéphane Vernay, Thomas Courtel

Lexel

Party: Aéroports de Paris Management (Sponsor)

Party: Bouygues Bâtiment International (Sponsor)

Party: Colas (Sponsor)

Party: Meridiam Africa (Sponsor)

Party: Ravinala Airports (Borrower)

Related deals