Basic information
Company name
St. Georges Bank & Company Inc.
Investment type
Loan
E&S category
FI-2
Disclosed date
Projected board date
Team Leader
Jan Eskildsen
Financial Summary
Financing Requested
Up to US$25 million
Financing Currency
USD
Client
information
Client Contact Name: Viviana Moreno
Title: Deputy Vice-President International Trade and Treasury
Phone Number: +507 322-2022
Email Address: vmoreno@stgeorgesbank.com
PROJECT
SCOPE
AND
OBJECTIVE
The proposed transaction consists of a senior unsecured financing to St. Georges Bank & Company Inc. (the “Bank”) of up to US$25 million which is expected to be comprised as follows: (i) IDB Invest Senior Loan of up to US$5 million to be funded by the IDB Invest with a three-year tenor; (ii) IDB Subordinated A Loan of up to US$20 million to be funded by the IDB Invest with an 8-year tenor. The Project will be complemented by supporting the Bank on developing a Sustainable Finance initiative that will include four layers of advisory services support. First, the development of corporate sustainability policy. Second, the establishment of procedures and capabilities that allow the Bank’s functionaries to identify and manage green investments in SME segment. Third, the analysis and improvement of risk policy on environmental, social and climate risk. Fourth, support the Bank on maximizing benefits from the previous three layers to increase SMEs credit origination in sustainable investments.
