HO-L1085 : Banco del Pais Subordinated Loan

Project Status
Completed

The proposed transaction is based on the LACC Subordinated Debt Facility (RG-X1088) approved by the Bank¿s board in August 2010 and consists of a subordinated financing (which qualifies as Tier II capital under local regulatory requirements) of an approximate amount of US$10 million to Banco de Pais S.A. The loan proceeds will be used toward strengthening the bank¿s solvency as well as for supporting Banco del Pais¿ small and medium enterprises loan portfolio growth.

PROJECT DETAIL

Project Number HO-L1085
Operation Number 2691A/OC-HO
Country Honduras
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT
Project Type Loan Operation
Project Status Completed
Approval Date DEC 16, 2011
Contract Signature Date JUN 22, 2012
Completion Date JUL 3, 2012
IDB Financing * 10.00

PROJECT INFORMATION

Total Cost H USD 10,000,000
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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