Company name
Arrendamiento de Maquinas Royal Rental S.A.
Project number
14929-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Regional
Sector
Manufacturing
Status
In implementation
Disclosed date
09/03/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/15/2024
Approval date
10/15/2024
Signed date
12/19/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 26,000,000
Currency
USD
Project scope and objective
This transaction (the "Project") consists of IDB Invest's subscription of up to US$20 million in a Green Bond issued by the Royal America Group for up to US$30 million, with a term of up to seven years, and the mobilization of resources to cover the total cost of the project. Royal America will use the Bond proceeds to finance the purchase and import of electric machinery for subsequent leasing and sale.
Royal America is a regional group that began in Chile and now also operates in Colombia and Ecuador. It has over 30 years of experience leasing electric machinery used in distribution centers and industrial cargo handling. Through this Project, IDB Invest will be able to contribute to the development of electric mobility within the logistics sector in Chile and Colombia, impacting sectors such as food, retail, agriculture, and industrial sectors, among others.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
contacto@royalamerica.com
PHONE NUMBER
n.a
POST OFFICE ADDRESS
Alcalde Guzman 1391 Quilicura, Santiago, Chile
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ROYAL AMERICA II - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (ESAP O PAAS)
225.3 Kb
ROYAL AMERICA II - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (ESRS O RPAS)
450.6 Kb