Pubali Bank Debt Investment

pending

The proposed project consists of a debt investment of up to US$190 million in Pubali Bank PLC (“Pubali Bank” or the “Bank”), through three facilities, including: (1) an up to US$100 million IFC own account investment in a green bond to be issued by Pubali Bank, (2) an up to US$50 million Working Capital Solutions (WCS) loan to Pubali Bank on IFC’s own investment, and (3) an up to US$40 million unfunded trade facility under the Global Trade Finance Program (GTFP) on IFC’s own account. (the “Project”) The proceeds of the green bond will be used to finance the expansion of Pubali Bank’s green portfolio and will be aligned with the International Capital Market Association’s (ICMA) Green Bond Principles, supporting projects in renewable energy, energy efficiency, clean transportation, and green buildings. Meanwhile, the proceeds of the WCS loan will be utilized by the Bank to support SMEs, and the GTFP facility will be utilized for guaranteeing trade-related payment obligations.