📋 Tender Overview
Project Number
50480
Company Name
BANK OF BHUTAN LIMITED
Date SPI Disclosed
May 29, 2025
Country
Bhutan
Region
South Asia
Projected Board Date
Jun 30, 2025
Environmental Category
FI-2 - Limited
Status
Pending Signing
Last Updated Date
Department
Regional Industry - FIG Asia & Pac
Industry
Financial Institutions
Previous Events
Approved : Jun 30, 2025
Sector
Commercial Banking - General
Additional Project Attributes
Blended Finance
Project Description
The proposed investment entails a senior, unsecured debt investment of up to US$20 million equivalent in Bank of Bhutan (BOB or the Bank) under Bhutan’s revised External Commercial Borrowing (ECB) guidelines. The loan is structured as a Bhutanese Ngultrum (BTN) linked, fixed rate, amortizing loan with tenor of upto 5 years. The IFC loan proceeds will be utilized by BOB to grow and expand their micro and small enterprise (MSE) loan portfolio.
Subject to BFC approval, the Project will be included in the FIG MSME Platform which is supported by a pooled first loss guarantee ( PFLG ) of up to US$40 million provided by International Development Association (IDA) 20 Private Sector Window Blended Finance Facility (IDA-PSW BFF) allocated to the SME Envelope under the MSME Finance Platform, as well as IDA-PSW Local Currency Facility (LCF) in the form of cross-currency swap.
