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Types of Financing
The IDB Group uses loans, grants, guarantees and investments to fund development programs.
PE-L1065 : Banco Continental Financing Facility
| Project Description: Similar to the Financing Facility approved in 2006, the proposed financing entails senior and subordinated long-term financing to enhance Continental's balance sheet maturity gap and its efforts to maintain a strong capital position to support the business growth required to satisfy the expected demand for mortgages and other core products.The proposed subordinated financing (Subordinated Tranche) seeks to provide additional support (US$15 million Subordinated A-Loan and an estimated US$15 million Subordinated B-Loan) to Continental's capital adequacy position (Tier II Capital). At the same time, this would be the first time the Bank uses the A/B loan mechanism to bring international investors as subordinated lenders. This mobilization of an international investor to provide subordinated debt that qualifies as Tier II Capital should have an important demonstration effect in the region, especially under current international market conditions of tight liquidity. |
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| Procurement Information |
Basic Information | ||||||||||||||||||||||||||||||||||
| Project Number | PE-L1065 | |||||||||||||||||||||||||||||||||
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| Country | Peru | |||||||||||||||||||||||||||||||||
| Sector | Capital Markets | |||||||||||||||||||||||||||||||||
| Subsector | Financial Market Development | |||||||||||||||||||||||||||||||||
| Project Type | Loan Operation | |||||||||||||||||||||||||||||||||
| Project Subtype | Private Sector Investment | |||||||||||||||||||||||||||||||||
Financial Information Summary | ||
| Total Cost - Historic | USD 60,000,000 | |
IDB Financing | ||
| Reporting currency(ies) | USD - United States Dollar | |
| Approved Amount(s) | USD 45,000,000 | |
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