Company name

Los Portales S.A.

Project number

13823-01

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.

E&S category
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B

Country

Peru

Sector

Manufacturing

Status

Approved

Disclosed date

10/04/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/04/2022

Approval date

11/02/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Quinones, Jose Gustavo

Investment type

Syndicated amount

N/A

Financing amount

USD $ 35,000,000

Currency

PEN

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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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

LOS PORTALES II – ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

225.3 Kb

LOS PORTALES II - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Adolfo Rogel

POSITION

Gerente Central de Administración y Finanzas

PHONE NUMBER

+51 1 211 4466

EMAIL

arogel@losportales.com.pe

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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