Suleasing Credit Line

completed

Summary Of Project Information (SPI)Project NameColombia - SuleasingRegionLatin America and the CaribbeanSectorProject No007579Projected Board DateDecember 21, 1996Company NameSuleasing Compañia de Financiamiento Comercial S.A.Technical Partner and/or Major Shareholders Orix Corporation is the technical partner. Corporación Financiera Nacional y Suramericana (Corfinsura) is Suleasing’s major shareholder with a 50.0% stake.Project Cost Including proposed IFC investment IFC’s investment will be an A loan of up to US$30.0 million. IFC may also make an investment for up to 15.0% of the Company’s equity. The equity investment would be made jointly with Orix Leasing of Japan, which would invest in up to 25.0% of the equity of Suleasing.Location of project and Description of site Medellín and other cities in ColombiaDescription of Company and Purpose of Project The Project consists of a credit line for up to US$30.0 million to Suleasing Compañía de Financiamiento Comercial S.A. to finance the capital goods and other equipment needs of Colombian small and medium-sized companies.Environmental Category and Issues This is a Financial Intermediary (FI) category project. Suleasing will be required to implement an environmental management system for relevant operations.Date SPI sent to PIC November 21, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365