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SeABank Project

Sector: Residential • Location: Viet Nam

Source: International Finance Corporation (IFC)

Project
Active

The investment is in the form of a senior loan of up to US$130 million, consisting of (i) up to US$80 million IFC A Loan from its own account, and (ii) up to US$50 million B1 Loan and/or Parallel Loan including a green-shoe option to Southeast Asia Commercial Joint Stock Bank (“SeABank” or “the Bank”). The proceeds of IFC financing would be used to support the Bank grow its eligible climate-relate

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The project “SeABank Project” is an infrastructure initiative in the Residential sector, located in Viet Nam. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

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Description

Description

The investment is in the form of a senior loan of up to US$130 million, consisting of (i) up to US$80 million IFC A Loan from its own account, and (ii) up to US$50 million B1 Loan and/or Parallel Loan including a green-shoe option to Southeast Asia Commercial Joint Stock Bank (“SeABank” or “the Bank”). The proceeds of IFC financing would be used to support the Bank grow its eligible climate-related projects, SME, women-owned SME, and retail portfolio. The project is expected to be supported by the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section.In addition, IFC is considering to establish a trade finance guarantee facility for the Bank in the amount of US$20 million under the IFC Global Trade Finance Program (“GTFP”).

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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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