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AzerDemiryolBank

Sector: Oil and Gas • Location: Azerbaijan

Source: International Finance Corporation (IFC)

Project
Completed

The proposed transaction with Azerdemiryolbank Joint-Stock Bank (ADB or the Bank) consists of a total debt investment of $10.0 million with the following breakdown: - A seven-year senior loan of $5.0 million to support the Bank’s mortgage program; - A five-year senior loan of $5.0 million to finance the Bank’s leasing projects with small and medium enterprises.The mortgage financing component of t

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The project “AzerDemiryolBank” is an infrastructure initiative in the Oil and Gas sector, located in Azerbaijan. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

The proposed transaction with Azerdemiryolbank Joint-Stock Bank (ADB or the Bank) consists of a total debt investment of $10.0 million with the following breakdown: - A seven-year senior loan of $5.0 million to support the Bank’s mortgage program; - A five-year senior loan of $5.0 million to finance the Bank’s leasing projects with small and medium enterprises.The mortgage financing component of the project would be the second transaction under the IFC’s Azerbaijan Housing Finance Program (the Housing Program), while the leasing financing component of the project would be a part of IFC’s Central Asia Leasing Facility (the Leasing Facility). The Housing Program and the Leasing Facility are designed by IFC to facilitate the development of Azerbaijan’s housing and leasing sectors by providing long-term funding to selected commercial banks as well as advisory services to the participating banks and key market players. In addition, IFC would also consider including the Bank in the IFC''s Global Trade Finance Program.

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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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