The project consist in a senior revolving credit line to an SPV for up to US$ 150 million comprised by an IDB A loan for up to US$100 million and a US$50 million loan form the China Co-Financing Fund for Latin America and the Caribbean (CHC). The revolving credit line will accumulate a portfolio of energy efficiency projects developed by ECON Soluciones Energéticas Integrales to different Pemex facilities that will be subsequently securitized. In order to obtain adequate financing for these types of projects in terms of tenor, pricing and risk appetite that would be available through capital markets. The second phase will consist of a PCG program for of up to US$100 million in local currency to guarantee a MXN$5 billion Green Bond Program. The green bonds are expected be issued 18 to 24 months after the warehouse line is signed.
Project Detail
Country
Mexico
Project Number
ME-U0005
Approval Date
December 3, 2015
Project Status
Implementation
Project Type
Guarantee
Sector
ENVIRONMENT AND NATURAL DISASTERS
Subsector
CLIMATE CHANGE FINANCING
Lending Instrument
BID Invest
Lending Instrument Code
IIC
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 259,821,246.00
Country Counterpart Financing
USD 157,365,934.00
Original Amount Approved
USD 102,455,312.00
| Operation Number | Lending Type | Reporting Currency | Reporting Date | Signed Date | Fund | Financial Instrument |
|---|---|---|---|---|---|---|
| 3621/OC-ME | Non-Sovereign Guaranteed | USD - United States Dollar | Ordinary Capital | Guarantee Financial Instrument |
- Lending Type: Non-Sovereign Guaranteed
- Reporting Currency: USD - United States Dollar
- Reporting Date:
- Signed Date:
- Fund: Ordinary Capital
- Financial Instrument: Guarantee Financial Instrument