Banco del Pais Subordinated Loan
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

Country

Honduras

Project Number

HO-L1085

Approval Date

December 16, 2011

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 10,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 10,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2691A/OC-HO Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2691A/OC-HO
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

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 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1494294226-722
Environmental and Social Management Reports
Banco del Pais Subordinated Loan (HO-L1085)_ Environamental and Social Management Report [36688009].PDF
Feb. 16, 2012
English
https://www.iadb.org/document.cfm?id=EZSHARE-1777464448-2
Project Abstract
Banco del Pais Subordinated Loan (HO-L1085)_ Project Abstract [36688004].PDF
Feb. 16, 2012
English

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