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HO-L1085 : Banco del Pais Subordinated Loan

Project Status: Closed

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
Project Country
Honduras
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT
Project Type
Loan Operation
Project Status
Closed

Project Information

Total Cost
USD 10,000,000
Country counterpart financing
USD 0
Fund
Ordinary Capital

Preparation

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Type
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Date Published