Los Portales S.A.
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 35,000,000
Project scope and objective
Senior corporate bond for up to US$35 million with a tenor of up to 10 years to finance urban development and housing projects for medium- and low-income population segments in Peru. An estimated 150 projects will be developed in approximately 18 Peruvian cities throughout the duration of the bond, benefiting more than 22,000 families in socioeconomic sectors C, D, and E by facilitating access to first-time buyer housing.
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