GWFP AgroComp II

pending

The proposed investment is a US$20m IFC unfunded participation under a Risk Sharing Facility (“RSF”) in an up to US$60m uncommitted transactional secured revolving trade finance Facility for 3-years with annual renewals with Banque Internationale de Commerce -BRED (Suisse) SA (“BIC-BRED” or “the Bank”) for Agro Companies International (“Agro Companies” or the “Group”). The RSF will finance Agro Companies’ grain trading working capital needs, mainly (i) cargoes on water with secured bills of lading (“BLs”), (ii) storage in warehouse at destination with Stock Monitoring Agreement (“SMA”), and (iii) receivables on African buyers mainly covered by prime insurers. It will be processed under the Global Warehouse Finance Program (“GWFP”) with delegated authority from the Board.