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DCM Gaucho GB

Sector: Water Supply and Storage • Location: Argentina

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project (the “Project”) entails an IFC investment of up to US$100 million in a 7-year green bond to be issued by Banco de Galicia y Buenos Aires S.A. (“Galicia” or the "Bank"). The green bond proceeds will be used to finance sustainable energy finance (“SEF”) sub-projects in Argentina (the “Country”).Founded in 1905, Galicia is the second largest private sector bank in Argentina, with

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The project “DCM Gaucho GB” is an infrastructure initiative in the Water Supply and Storage sector, located in Argentina. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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completed

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Description

Description

The proposed project (the “Project”) entails an IFC investment of up to US$100 million in a 7-year green bond to be issued by Banco de Galicia y Buenos Aires S.A. (“Galicia” or the "Bank"). The green bond proceeds will be used to finance sustainable energy finance (“SEF”) sub-projects in Argentina (the “Country”).Founded in 1905, Galicia is the second largest private sector bank in Argentina, with a market share of 9.3% as of December 2017. The Bank operates one of the most extensive and diversified distribution networks in the Country, serving over 3.9 million clients, both individual and corporate. The Bank has a significant presence in both the retail and small and medium enterprise (“SME”) sectors, with a strong focus on agribusiness.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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