DCM FDC Social DPR Notes

active

 The proposed project is part of a financing package for Federacion de Cajas de Crédito y de Bancos de los Trabajadores, S.C. de R.L. de C.V. (Fedecredito or FDC), an existing IFC client. The financing package will be in the form of a Diversified Payments Rights (“DPR”) notes issuance of up to US$80 million, to be co-financed by IFC and other 3 co-investors. IFC is expected to finance up to US$30 million in its own account (“the Project”).  The proceeds will be used to provide access to finance to micro and small enterprises (MSEs), Women-owned MSE, and women housing and home improvement loans to be reached through FDC’s member financial institutions (MIs). The DPR notes will be structured as a social note issuance, which will comply with the International Capital Market Association (ICMA)’s bond principles for these thematic bonds.