📋 Tender Overview
Project Number: 48916
Company Name: GSCF HSBC
Date SPI Disclosed: May 30, 2024
Country: Mexico
Region: Central America and the Caribbean, Colombia, Mexico
Projected Board Date: Jul 1, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Global Trade & Supply Chain
Industry: Financial Institutions
Sector: Trade Finance
Project Description
The proposed investment is a risk-sharing facility with HSBC Mexico S.A., Institución de Banca Múltiple, Grupo Financiero ( HSBC Mexico ) in a portfolio of supply chain finance-related assets for up to US$200 million with IFC investment of up to US$100 million (the Project ).
The Project falls under the Global Supply Chain Finance (GSCF) Program, a supply chain finance program launched by the International Finance Corporation (IFC) in December 2022. The GSCF supports open account trade in the emerging markets by providing direct loan, funded or unfunded risk participation in partner banks’ facilities.
Total Project Cost and amount and nature of IFC's Investment: The total Project is intended to be in an amount up to US$200 million with an underlying portfolio of supply chain finance assets that will be risk-shared by HSBC Mexico and IFC. The IFC Investment will be in amount of up to US$100 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
