WCS COVID RESPONSE BRAC 2023
Sector: Warehouse • Location: Bangladesh
Source: International Finance Corporation (IFC)
The proposed investment comprises a US dollar-denominated working capital solutions (WCS) senior A loan of up to US$50 million under the COVID-19 Emergency Response WCS Envelope (WCS Envelope) to BRAC Bank Limited (BBL or the Bank), a FIG portfolio client in Bangladesh since 2004 (the Project). This is structured as a one-year facility with two annual rollover options at IFC’s discretion, for a ma
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
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 investment comprises a US dollar-denominated working capital solutions (WCS) senior A loan of up to US$50 million under the COVID-19 Emergency Response WCS Envelope (WCS Envelope) to BRAC Bank Limited (BBL or the Bank), a FIG portfolio client in Bangladesh since 2004 (the Project). This is structured as a one-year facility with two annual rollover options at IFC’s discretion, for a maximum aggregate tenor of three years. The Project will support working capital, trade finance, and foreign exchange liquidity needs of eligible sub-borrowers (export / import-based small and medium enterprises (SMEs), as per IFC’s definition of targeted sectors), through BBL’s offshore banking unit and enable the Bank to continue supporting key sectors of the Bangladeshi economy, where the impact of COVID-19 persists. |
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 |