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RSE Bel Ga MM

Sector: Raw Materials • Location: Myanmar

Source: International Finance Corporation (IFC)

Project
Completed

Bel Ga Myanmar Limited (“Bel Ga MM” or the “Company”) is an existing IFC client that is engaged in the poultry breeding business in Myanmar with a significant market share in Myanmar. IFC loan will support the expansion of Bel Ga MM’s existing hatchery facility and sustain the Company’s operations through the COVID-19 market downturn. The proposed financing as detailed below is based on the thesis

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Project Information

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The project “RSE Bel Ga MM” is an infrastructure initiative in the Raw Materials sector, located in Myanmar. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Email

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Description

Description

Bel Ga Myanmar Limited (“Bel Ga MM” or the “Company”) is an existing IFC client that is engaged in the poultry breeding business in Myanmar with a significant market share in Myanmar. IFC loan will support the expansion of Bel Ga MM’s existing hatchery facility and sustain the Company’s operations through the COVID-19 market downturn. The proposed financing as detailed below is based on the thesis of (i) committed and financially strong Sponsors; (ii) a well secured loan with Sponsor’s support arrangements; and (iii) IFC to play an important countercyclical financial support to mitigate the COVID-19 impact.This project follows IFC's initial US$7.5 million investment in Bel Ga Myanmar in 2017 (#38236): https://disclosures.ifc.org/project-detail/SII/38236/bel-ga-myanmar

Original sub-sector

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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