Banco Cooperativo Sicredi
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Groszmann Faria, Marcia
USD $ 100,000,000
Project scope and objective
The transaction will consist in the purchase by IDB Invest of a subordinated unsecured tier II bond under private placement issued by Banco Cooperativo Sicredi S.A. (“Bank Sicredi”) for an amount up to US$100 million. The use of the proceeds will be to finance eligible projects or companies aligned with certain Green Development Goals as to allow for the classification of the issuance as Green (as per IDB Invest’s criteria), in accordance with the International Capital Market Association’s (“ICMA”) Green Bond Principles.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Arthur Francisco Faviero Flores
(51) 3358 9978
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005