Daycoval Sustainable Financing Partnership (IDBI-11843-02)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 26, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Daycoval S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 2, 2019


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Project Description

The proceeds of the Project will be to increase its lending and leasing portfolio in Small and Medium-Sized Enterprises ("SMEs") by creating and implementing a holistic value proposition which will support the growth of Daycoval's SME portfolio .This proposed transaction consists of a senior unsecured financing for Banco Daycoval S.A. ("Daycoval"or the "Bank") denominated in United States dollar ("US$") of up to US$300 million comprised of (i) an IDB Invest A Loan up to US$100 million with a four-year tenor; (ii) an IDB A Loan up to US$ 50 million with a four-year tenor; and (iii) an IDB Invest B Loan expected to be up to US$150 million to be obtained from the sale of participations to commercial banks, at terms to be determined (the "Project").

Investment Description
  • IDB Invest (IDBI)
Contact Information

Contact Name: Paulo Saba
Title: Treasury and Markets Officer
Phone number: +55 (11) 3138-0472
Email:
paulo.saba@bancodaycoval.com.br