📋 Tender Overview
Project Number
49519
Company Name
SeaMoney (Capital) Co. Ltd. SPV
Date SPI Disclosed
Mar 26, 2025
Country
Thailand
Region
East Asia and the Pacific
Projected Board Date
Apr 28, 2025
Environmental Category
FI-3
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Asia & Pac
Industry
other
Sector
other
Project Description
The proposed project entails an investment in a senior tranche of asset-backed securities (the ABS ) to be issued by a Special Purpose Vehicle ( SPV ) to be established under the laws of Thailand (subject to regulatory approval). The senior tranche will be collateralized by a pool of receivables originated by SeaMoney (Capital) Co., Ltd. (the Company ) under the Nano loan license regulated by the Bank of Thailand. The senior tranche will be of up to US$75 million or equivalent in local currency ( LCY ). The investment shall comprise of IFC’s own account, and mobilization. The purpose of the proposed IFC investment is to support the Company's lending program to micro borrowers and small business owners, with at least [60%] earmarked to women borrowers (the Project ).
