OTP Leasing II

pending

 A senior loan of up to US$40 million equivalent, available in US$ or in EUR to OTP Leasing Ukraine LLC (the “Company” or “OTPL”), a fully owned subsidiary of OTP Bank Hungary (“OTP Group”). The loan includes up to US$20 million from IFC’s own account and up to US$20 million from the Clean Technology Fund (“IFC-CTF”) as part of the Climate Investment Funds, or from another eligible blended climate finance program implemented by IFC. The use of proceeds of the proposed loan will be 100% for eligible energy efficiency and renewable energy (EE & RE) projects in Ukraine. Proposed tenor is up to 5 years with a 2-year grace period. The investment would help build EE & RE portfolio of OTPL, the largest leasing company in Ukraine with a market share of 40% and a notable SME outreach. The proposed project would be IFC’s first with OTPL, and the second engagement with OTP Group in Ukraine - OTP Bank Ukraine is an existing IFC client under Global Trade Finance Program. Potential participation of a B-lender with up to US$10 million loan will be considered. This will increase the total facility amount to up to US$50 million.