SCB Microfinance
Sector: Commercial • Location: World Region
Source: International Finance Corporation (IFC)
The proposed project is a capital markets transaction which consists of the issuance of credit-linked notes (CLN) by a special purpose vehicle (SPV), to be established by Standard Chartered Bank (SCB), to a group of institutional investors including the International Finance Corporation (IFC). CLN represent the credit risk of 26 micro finance institutions (MFI) that are currently in the portfolio
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
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 capital markets transaction which consists of the issuance of credit-linked notes (CLN) by a special purpose vehicle (SPV), to be established by Standard Chartered Bank (SCB), to a group of institutional investors including the International Finance Corporation (IFC). CLN represent the credit risk of 26 micro finance institutions (MFI) that are currently in the portfolio of SCB’s subsidiaries and branches. By issuing the CLN, SCB would be transferring a part of its MFI exposure to such institutional investors thereby creating headroom to allow for more financing to MFI.The portfolio currently is diversified over 9 countries in Asia and Africa with 58% of the loans originated in Africa and 42% in Asia. However, the exact mix may well change at the closing date and the replenishment period of the transaction. |
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 |