Banco Industrial A&B

active

 The proposed investment consists of an up to US$350 million financing package to Banco Industrial S.A. (“Banco Industrial”, “Industrial”, “BI” or the “Bank”) in Guatemala, composed of: (i.) an up to US$190 million senior unsecured A loan for IFC’s own account (IFC A Loan), part of which benefits from US$90.0 million unfunded mobilization through the Managed Co-Lending Portfolio Program (MCPP) FIG III program, in which IFC will transfer the credit risk to insurance companies, which results in a net IFC own-account exposure of not more than $100 million; and (ii.) a mobilized tranche of up to US$160.0 million from B and/or Parallel Lenders. The loan proceeds will be used to fund the growth of the Bank’s climate-related assets, SMEs portfolio and sustainable housing. The proposed senior unsecured IFC A Loan will have a maturity of up to 4-years, with a 1-year grace period.