MFP-SME Prime Bank
Sector: Commercial • Location: Bangladesh
Source: International Finance Corporation (IFC)
The proposed Project is a USD denominated senior, unsecured Working Capital Solutions (WCS) loan of up to US$70 million to Prime Bank PLC (PBL or the Bank) in Bangladesh, consisting of: (1) up to US$50 million on IFC's own account (IFC A Loan) and (2) up to US$20 million in core mobilization from one or more B lenders. The Project is structured as a one-year facility, renewable twice for an additi
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
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 | The proposed Project is a USD denominated senior, unsecured Working Capital Solutions (WCS) loan of up to US$70 million to Prime Bank PLC (PBL or the Bank) in Bangladesh, consisting of: (1) up to US$50 million on IFC's own account (IFC A Loan) and (2) up to US$20 million in core mobilization from one or more B lenders. The Project is structured as a one-year facility, renewable twice for an additional one year each time, resulting in a maximum aggregate tenor of three years. The proceeds of this investment will be utilized by the Bank for on-lending to export- and import-oriented SMEs through PBL's offshore banking unit (OBU).The Project is being processed under the SME Envelope of IFC's MSME Finance Platform (MFP) enabling the Project to benefit from the MFP's streamlined procedure with Delegated Authority. |
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 |