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DARP Reinteg II

Sector: Water Supply and Storage • Location: Colombia

Source: International Finance Corporation (IFC)

Project
Active

This Distressed Asset Recovery Program (DARP) investment will help to address the early impacts of COVID-19 on the financial system in Colombia.  The proposed transaction (DARP Reintegra II or Reintegra II), is a repeat transaction and consists of a DARP platform dedicated to acquiring retail and micro small and medium-sized enterprises (MSME) non-performing loan (NPL) portfolios originated by Ban

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Project Information

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The project “DARP Reinteg II” is an infrastructure initiative in the Water Supply and Storage sector, located in Colombia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

This Distressed Asset Recovery Program (DARP) investment will help to address the early impacts of COVID-19 on the financial system in Colombia.  The proposed transaction (DARP Reintegra II or Reintegra II), is a repeat transaction and consists of a DARP platform dedicated to acquiring retail and micro small and medium-sized enterprises (MSME) non-performing loan (NPL) portfolios originated by Bancolombia S.A., the largest bank in Colombia. Reintegra II is expected to have a total capitalization of up to US$70 million, with an IFC investment of up to US$30 million in the form of junior tranches. Other investors include Banca de Inversión Bancolombia S.A. Corporación Financiera (BIB) and Covinoc.

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Source reliability

High

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100%

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