Banco Continental S.A.E.C.A. (“Banco Continental”)
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 100,000,000
Project scope and objective
The proposed operation consists of a senior unsecured loan to Banco Continental for an amount of up to US$100 million, that contemplates: (i) a Committed Tranche I: which consists of an A Loan of up to US$50 million; (ii) an Uncommitted Tranche II: consisting of an A Loan of up to US$50 million; and (iii) the operation contemplates the possibility of mobilizing resources from institutional investors through a B Loan for an amount to be determined in accordance with market conditions.
The operation will have a term of up to five years, with up to two years of grace period.
The funds from the operation will be used to finance the growth of Banco Continental's green portfolio in Paraguay.
For inquiries, comments and information requests about the projectRequest information
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+595 21 627 4510
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005