Scotia MX Loan

pending

The proposed investment to Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat (“Scotiabank Mexico”, “SBI” or the “Bank”) in Mexico, consist of up to US$150 million senior unsecured loan for IFC’s own account (IFC Loan), part of which benefits from US$100.0 million unfunded mobilization through Credit Insurance Policies (CIP) with diverse insurance companies, in which IFC will transfer the credit risk to these insurance companies, which results in a net IFC own-account exposure of not more than $150 million. The loan proceeds will be used to fund the growth of the Bank’s women-focused mortgages portfolio. The proposed senior unsecured IFC A Loan will have a maturity of up to 5-years, with a 3-year grace period.