Cdel DAVR SDL

active

 The proposed investment to existing IFC’s portfolio client, Private Joint Stock Commercial Bank DAVR-Bank (“DAVR” or the “Bank”) is a senior loan package of up to US$20 million equivalent comprising of: (i) a senior unsecured 3-year loan (incl. 1-year grace period) for the amount of up to US$10 million on IFC’s own account (A Loan) or UZS equivalent, (ii) a senior unsecured 3-year loan (incl. 1-year grace period) for up to US$10 million or UZS equivalent, to be mobilized from institutional investors (B Loan), and (iii) a cross-currency swap for the notional amount disbursed in USD (the “Project”). The purpose of the project is to support the Bank to expand its presence in the micro, small and medium enterprises (“MSME”) segment, including a carve out for gender financing of up to 40% of the loan proceeds to be on-lend to women-owned enterprises (“WOEs”).