📋 Tender Overview
Project Number
49754
Company Name
Fideicomiso FINBE
Date SPI Disclosed
Mar 28, 2025
Country
Mexico
Region
Latin America and the Caribbean
Projected Board Date
May 1, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
CF6L1 - Regional Industry FIG LAC & EUR/FIG LAC 1 Mex, CA & Caribbean
Industry
Financial Institutions
Sector
Other Non-Banking Financial Institution (NBFI)
Project Description
The proposed investment consists of a 5-year senior loan of up to MXN3,700 million (~US$185 million equivalent) to a special purpose vehicle (the Trust) following an asset-backed lending structure, collateralized by eligible leases originated by Financiera Bepensa, S.A. de C.V., SOFOM, E.R. (FinBe) through its subsidiary Bepensa Leasing, S.A. de C.V. (Bepensa Leasing) and AB&C Leasing de México, S.A.P.I. de C.V. (AB&C) (together, the Companies). IFC will provide up to MXN600 million (~US$30 million equivalent) on an own account basis to the Trust, and through an anchor investor role will mobilize the remaining MXN3,100 million (~US$155 million equivalent) from other institutional investors (the Project). The collection rights of such leases are expected to be the only repayment source of the Project. It is expected that at least 50% of IFC’s investment will support the Companies’ climate portfolio growth.
