Assisting BVI Government on US$100m term loan facility

We are pleased to have been instructed by the British Virgin Islands (BVI) Attorney General's Office to assist the BVI Government with securing a US$100m term loan facility. The loan facility will be repaid over an 18-year period, featuring a fixed interest rate of 6.50% per annum for the first 10 years, with options for adjustment thereafter. The proceeds from this loan will be allocated primarily towards financing critical infrastructural projects within the BVI. 

Our BVI Finance team was led by partner Omonike Robinson-Pickering and supported by BVI managing partner Matthew Cowman and associate Royan George.   

Matthew stated: "Walkers is delighted to have the opportunity to partner with the Attorney General's Office and the BVI Government to secure the BVI Government's largest ever loan facility. This is a testament not only to our depth of expertise in banking and finance but more importantly, demonstrates Walkers' commitment to the BVI and its long-term sustainable development."