Ayudhya Development Leasing Company - II

completed

Summary Of Project Information (SPI)Project NameThailand-Ayudhya Development Leasing Company II (ADLC II)     RegionAsiaSectorProject No007460Projected Board DateMay 15, 1996Company NameAyudhya Development Leasing Company (ADLC)Technical Partner and/or Major Shareholders The technical partner is Korea Development Leasing Company (KDLC) and the local sponsor is Bank of Ayudhya (the fifth largest Thai bank). Project Cost Including proposed IFC investment Up to $25 millionLocation of project and Description of site Bangkok, ThailandDescription of Company and Purpose of Project (include IFC role\development impact) Ayudhya Development Leasing Company (ADLC) was established in late 1991 to provide medium-term lease and hire purchase equipment financing to Thai enterprises. Whilst ADLC has adequate access to local currency financing, it needs to expand and diversify its foreign currency funding sources and has requested IFC to arrange a medium-term loan. IFC will provide a US$10 million loan for its own account and attempt to syndicate up to $15 million. The project can be expected to enhance the competitiveness of about forty small and medium-sized enterprises while generating productive employment opportunities and ensuring that their operations are environmentally sound.Environmental Category and Issues This is a Financial Intermediary (FI) category project according to IFC’s environmental review procedure. For relevant operations, ADLC will be required to implement an environmental risk management system consistent with host country requirements and World Bank policies. In addition, IFC will assess ADLC’s capability to implement the system.Date SPI sent to PIC April 11, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365