BHD SubDebt II

pending

  The proposed investment (the Project) consists of a ten-year subordinated loan financing package of up to US$125 million to Banco Multiple BHD, S.A. (BHD or the Bank). The package consists of a subordinated “C” loan of up to US$75 million, of which up to US$25 million will be supported by private credit insurance, and a “B” loan of up to US$50 million. BHD, a long-term IFC client, is the second largest private commercial bank in the DR. It provides financial services to businesses and individuals and has broad national coverage, reaching close to one million clients. The funds will be provided in up to two commitments, with the US$50 million “B” loan to be committed within one month of the initial commitment. BHD will use 100 percent of the proceeds to support the growth of its climate-related loan portfolio, financing climate mitigation and adaptation efforts.