📋 Tender Overview
Project Number: 48624
Company Name: Tanner Servicios Financieros S.A.
Date SPI Disclosed: Apr 22, 2024
Country: Chile
Region: South America
Projected Board Date: May 31, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry FIG LAC & EUR
Industry: Financial Institutions
Sector: Other Non-Banking Financial Institution (NBFI)
Project Description
The proposed investment consists of: (i) an equity investment of up to US$20 million equivalent in Chilean pesos (CLP) in newly issued common shares of Tanner Servicios Financieros S.A. ( Tanner or the Company ) to support the Company’s growth during the setup of a full commercial bank, and (ii) a 5-year senior unsecured convertible loan for up to US$20 million (the C Loan ) to finance the Company and new bank’s electro mobility sub-projects and micro, small and medium enterprises (MSMEs) portfolio, including women-owned small and medium enterprises (WSMEs) (the Project ).
Total Project Cost and amount and nature of IFC's Investment: The Project consists of: (i) an equity investment of up to US$20 million equivalent in Chilean pesos (CLP) in newly issued common shares of Tanner to support the Company’s growth during the setup of a full commercial bank and (ii) a 5-year senior unsecured convertible loan for up to US$20 million (the C Loan ) to finance the Company’s electro mobility sub-projects and SMEs portfolio, including WSMEs.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
