Metro stations banked . . . for now
Santander, BBVA, Caja Madrid and La Caixa have signed two one-year bridge facilities, totalling €1.16bn, for the €773m downpayment that FCC/OHL/Copisa and Dragados/Acciona/Comsa/Acsa Sorigué have to collectively make for two 13-station tranches under 30-year DBFM concessions for Line 9 of the Barcelona metro. Margins are around 180bp.
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