📋 Tender Overview
COMPANY NAME
Banco Agricola, SA
PROJECT NUMBER
15434-01
E&S CATEGORY tooltip
FI-2
COUNTRY
El Salvador
SECTOR
Financial Institutions
STATUS
Proposed
DISCLOSED DATE
04/29/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
06/03/2025
APPROVAL DATE
06/03/2025
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Financial Institutions Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
USD $ 135,000,000
FINANCING AMOUNT
USD $ 40,000,000
CURRENCY
USD
Project scope and objective
The financing consists of a senior, unsecured, A/B loan of up to US$150 million to Banco Agrícola, S.A. ("Banco Agrícola" or the "Bank"), with a term of up to five years, including an up to two-year grace period (the "Project"). The Project includes: (i) an A Loan of up to US$40 million financed by IDB Invest (the A Loan ); (ii) an A Loan of up to US$10 million from a Blended Finance component provided by funds managed by IDB Invest (the "Blended Finance Loan"); and (iii) one or more B Loans related to the IDB Invest A Loan of approximately US$100 million to be funded by various commercial lenders (the "IDB Invest B Loan").
The Project aims to: (i) provide long-term financing; and (ii) increase funding for Small and Medium-Sized Enterprises ("SMEs") and the Bank's green portfolio.
