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BAC CR Green

Sector: Water Supply and Storage • Location: Costa Rica

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment consists of an up to US$230 million financing package for Banco BAC San José, S.A. (“BAC CR” or the “Bank”) in Costa Rica, consisting of: (i) an up to US$200 million senior unsecured loan for IFC’s own account (IFC A Loan); and (ii) a Global Trade Finance Program (GTFP) unfunded guarantee line of up to US$30 million. The loan will have a 5-year tenor and 2-year grace period

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Project Information

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The project “BAC CR Green” is an infrastructure initiative in the Water Supply and Storage sector, located in Costa Rica. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

The proposed investment consists of an up to US$230 million financing package for Banco BAC San José, S.A. (“BAC CR” or the “Bank”) in Costa Rica, consisting of: (i) an up to US$200 million senior unsecured loan for IFC’s own account (IFC A Loan); and (ii) a Global Trade Finance Program (GTFP) unfunded guarantee line of up to US$30 million. The loan will have a 5-year tenor and 2-year grace period and will be used to support the growth of the Bank’s climate and micro, small and medium enterprises (MSMEs) portfolios, with at least 40% destined to finance climate sub-projects, and at least 30% will be allocated to women-owned businesses (WSMEs) (the Project).           

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Source

Source reliability

High

Data quality score

100%

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URL

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