📋 Tender Overview
Project Number: 48071
Company Name: JC International Finance & Leasing Co., Ltd
Date SPI Disclosed: Jan 24, 2024
Country: China
Region: East Asia and the Pacific
Projected Board Date: Feb 29, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Asia & Pac
Industry: Financial Institutions
Sector: Leasing Services
Project Description
The proposed investment entails up to 5-year senior syndicated sustainability loan to JC International Finance & Leasing Co., Ltd. ( JC Leasing or the Company ), a commercial leasing company sponsored by Legend Holdings Corporation (3396.HK) in China. The loan is to support JC Leasing in growing its climate finance portfolio (energy efficiency, waste management, sustainable water, clean transportation, renewable energy, etc.) and social finance portfolio (women-led SMEs, healthcare, education and vocational training, etc.). The investment comprises (i) IFC A loan of up to US$100 million equivalent in RMB, and (ii) IFC syndicated loan of up to US$125 million equivalent in RMB. The loan will be aligned with the Green Loan Principles (GLP) and Social Loan Principles ( SLP ) of the Loan Market Association ( LMA ) to ensure transparency in use of proceeds, monitoring, and reporting. The investment is expected to be IFC’s first sustainability loan to a financial institution in China.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
