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Banco Galicia: A/B Loan for Sustainable Project Financing in Argentina

Sector: Financial Institutions • Location: Argentina

Source: Inter-American Development Bank (IADB)

Project
Approved

The proposed transaction consists of a senior unsecure A/B loan for up to US$300 million (the “Loan”), financed as follows: (i) an A loan of up to US$150 million, to be financed by IDB Invest, structured in two tranches: (a) a committed tranche of up to US$100 million; and (b) an uncommitted tranche of up to US$50 million; and (ii) a B loan of approximately US$150 million, to be financed by instit

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The project “Banco Galicia: A/B Loan for Sustainable Project Financing in Argentina” is an infrastructure initiative in the Financial Institutions sector, located in Argentina. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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approved

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Description

Description

The proposed transaction consists of a senior unsecure A/B loan for up to US$300 million (the “Loan”), financed as follows: (i) an A loan of up to US$150 million, to be financed by IDB Invest, structured in two tranches: (a) a committed tranche of up to US$100 million; and (b) an uncommitted tranche of up to US$50 million; and (ii) a B loan of approximately US$150 million, to be financed by institutional investors. The Loan has a tenor of up to seven years, amortizable. The project aims to increase Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia” or the “Bank”) available financing for Small and Medium-Sized Enterprises (“SMEs”) and corporate company projects categorized as sustainable as per Banco Galicia’s Sustainable Finance Taxonomy.

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Source reliability

High

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100%

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URL

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