Project Detail |
The financing consists of a senior, unsecured, A/B loan of up to US$150 million to Banco Agrícola, S.A. (Banco Agrícola or the Bank), with a term of up to five years, including an up to two-year grace period (the Project). The Project includes: (i) an A Loan of up to US$40 million financed by IDB Invest (the “A Loan”); (ii) an A Loan of up to US$10 million from a Blended Finance component provided by funds managed by IDB Invest (the Blended Finance Loan); and (iii) one or more B Loans related to the IDB Invest A Loan of approximately US$100 million to be funded by various commercial lenders (the IDB Invest B Loan). The Project aims to: (i) provide long-term financing; and (ii) increase funding for Small and Medium-Sized Enterprises (SMEs) and the Banks green portfolio. |