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Continental EQ

Sector: Commercial • Location: Paraguay

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project will consist of an IFC investment of up to $20 million in ordinary common shares, another convertible instrument or a combination thereof.The primary objective of the project is to develop a long-term partnership with a fully locally-owned existing client, while providing support to a key local player to further expand the access to financial services to those segments that re

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Project Information

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The project “Continental EQ” is an infrastructure initiative in the Commercial sector, located in Paraguay. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The proposed project will consist of an IFC investment of up to $20 million in ordinary common shares, another convertible instrument or a combination thereof.The primary objective of the project is to develop a long-term partnership with a fully locally-owned existing client, while providing support to a key local player to further expand the access to financial services to those segments that remain highly underserved by other financial institutions, such as SMEs. In addition, in the presence of the existing market dynamics, IFC’s investment constitutes one of the very limited viable alternatives to strengthen the capital base of the largest locally-owned bank of Paraguay, which will contribute to improve the risk profile of the Bank, eventually deriving in a better risk rating and overall lower funding cost.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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