📋 Tender Overview
Project Number: 50260
Company Name: Banco de la Produccion S.A.
Date SPI Disclosed: Sep 10, 2024
Country: Ecuador
Region: Latin America and the Caribbean
Projected Board Date: Oct 21, 2024
Environmental Category: FI-2
Status: Pending Signing
Department: Regional Industry FIG LAC & EUR
Industry: Financial Institutions
Sector: Commercial Banking - General
Project Description
The proposed project consists of a senior financing package of up to US$150 million with a tenor of five years and a two-year grace period. IFC would directly commit up to US$100 million in senior loans and mobilize up to US$50 million through credit insurance. Additionally, IFC will seek to mobilize up to US$50 million in B/Parallel loans, completing the financing package.
Total Project Cost and amount and nature of IFC's Investment:The proposed project consists of an IFC investment of up to US$150 million. IFC would directly commit up to US$100 million in senior loans and mobilize up to US$50 million through credit insurance. Additionally, IFC will seek to mobilize up to US$50 million in B/Parallel Loans, completing the financing package.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
