Xac Subdebt
Sector: Government • Location: Mongolia
Source: International Finance Corporation (IFC)
The proposed investment is a syndicated subordinated debt facility (the “Subdebt Facility”) to XacBank (the “Bank”), an existing partner of IFC and the fourth largest bank in Mongolia. It will include IFC’s own account exposure of up to US$10 million and mobilization of up to US$35 million. The proposed investment intends to provide the needed Tier-2 capital to strengthen the Bank’s capital struc
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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 is a syndicated subordinated debt facility (the “Subdebt Facility”) to XacBank (the “Bank”), an existing partner of IFC and the fourth largest bank in Mongolia. It will include IFC’s own account exposure of up to US$10 million and mobilization of up to US$35 million. The proposed investment intends to provide the needed Tier-2 capital to strengthen the Bank’s capital structure, and to enable it to provide 3,600 to 8,000 additional loans to micro, small and medium enterprises (“MSMEs”) in the country. |
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 |
