FCMB II
Sector: Commercial • Location: Nigeria
Source: International Finance Corporation (IFC)
IFC proposes to provide First City Monument Bank Plc (“FCMB” or the Bank’) with (i) a senior loan of up to $50 million which will be targeted at SMEs in the Health, Education and Agribusiness sectors; and (ii) straight equity or quasi equity of up to US$25 million. The loan component of the Project will have a 7-year maturity and a grace period of 2-years. The Project is expected to provide the Ba
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IFC proposes to provide First City Monument Bank Plc (“FCMB” or the Bank’) with (i) a senior loan of up to $50 million which will be targeted at SMEs in the Health, Education and Agribusiness sectors; and (ii) straight equity or quasi equity of up to US$25 million. The loan component of the Project will have a 7-year maturity and a grace period of 2-years. The Project is expected to provide the Bank with significant long-term financing to help it pursue its strategic objectives within the constraints of the global financial crisis. The Project is also expected to assist FCMB with further enhancements to the Bank’s corporate governance and risk management practices. Further, it is also expected to send positive signals to the market, aiming at improving confidence within the Nigerian financial sector, as well as with international investors. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |