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WCS COVID Daycoval II

Sector: Raw Materials • Location: Brazil

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment consists of a 1-year senior loan facility of up to US$100 million for Banco Daycoval S.A (Daycoval or the Bank) under the WCS Financial Institutions Response Envelope (FIGE). The facility will be renewable, at IFC's option, for two additional one-year periods (up to three years in total).The proposed WCS investment in Daycoval is expected to leverage on the previous WCS Pro

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The project “WCS COVID Daycoval II” is an infrastructure initiative in the Raw Materials sector, located in Brazil. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

The proposed investment consists of a 1-year senior loan facility of up to US$100 million for Banco Daycoval S.A (Daycoval or the Bank) under the WCS Financial Institutions Response Envelope (FIGE). The facility will be renewable, at IFC's option, for two additional one-year periods (up to three years in total).The proposed WCS investment in Daycoval is expected to leverage on the previous WCS Project with the Bank (Project #43220) and continue supporting the Bank's working capital needs and trade related financing to Brazilian enterprises, which in turn feed an ecosystem of small and medium enterprises (SMEs) distributors and suppliers (the Project). Similar to Project #43220 and in order to further promote gender finance, 20% of the Project's proceeds will be channeled to Women-Owned SMEs.

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High

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