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ABBank Equity/CB

Sector: Stadium • Location: Viet Nam

Source: International Finance Corporation (IFC)

Project
Completed

The project proposes to forge a long term partnership between IFC and An Binh Commercial Joint Stock Bank (“the Bank”) by providing long term financing to the Bank structured both as senior and convertible debt instruments. The quasi- equity investment of up to $50 million equivalent in Vietnamese Dong will allow the Bank to maintain a healthy CAR while growing its loan portfolio and the $25 mill

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Project Information

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The project “ABBank Equity/CB” is an infrastructure initiative in the Stadium sector, located in Viet Nam. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The project proposes to forge a long term partnership between IFC and An Binh Commercial Joint Stock Bank (“the Bank”) by providing long term financing to the Bank structured both as senior and convertible debt instruments. The quasi- equity investment of up to $50 million equivalent in Vietnamese Dong will allow the Bank to maintain a healthy CAR while growing its loan portfolio and the $25 million loan will be earmarked to support climate change initiatives and enhance financing for eligible projects in the Energy Efficiency (EE) and Cleaner Production (CP) arena. This project fits well with the IFC financial markets strategy for Vietnam and is in line with the World Bank Groups efforts to use market mechanisms to mitigate the impact of climate change in Vietnam.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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