CF ACLEDA subdebt 2

active

The proposed investment consists of a US$ 40 million 7-year subordinated debt to ACLEDA Bank Plc. (“ACLEDA Cambodia” or the “Bank”), which is expected to be funded fully through the IFC Capitalization Fund (the “Cap Fund”), as the proposed project is fully consistent with the Cap Fund’s objective of supporting a systemic bank that is capable of providing credit to emerging economies but is facing significant challenges to raise capital in international capital/credit markets, due to the global financial crisis. The proposed investment will support ACLEDA Cambodia’s growth plan of further expanding its branch network in Cambodia and regionally, and continuing to move up market to better serve larger medium SMEs.