Agrofertil - Expansion Capex (IDBI-12297-03)

Countries
  • Paraguay
Where the impacts of the investment may be experienced.
Specific Location
UNINFORMED
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
B
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
Sep 23, 2021
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
Private Company
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Sep 1, 2021

Disclosed by Bank Aug 20, 2021


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Project Description

El financiamiento propuesto consiste en:

 

(i) Un prestamo senior por hasta US$10 millones y a un plazo maximo de 8 anos, con amortizaciones semestrales de capital e intereses, incluyendo 18 meses de gracia, para la construccion de una planta de semillas y la construccion y ampliacion de silos, que le permitira a Agrofertil S.A. asegurar el suministro y calidad de estos insumos, y extender su alcance geografico para estar mas cerca del productor.

 

(ii) Una linea de credito anual revolvente comprometida a Agrofertil S.A. por hasta US$30 millones con un plazo de hasta cuatro anos. La empresa utilizara dichos fondos para la compra de agroinsumos que posteriormente vendera y financiara a productores a plazos de hasta 390 dias, buscando sustituir lineas de credito de proveedores que hoy otorgan menores plazos.

 

Agrofertil es la empresa lider en distribucion de insumos agricolas en Paraguay, prestando ademas los servicios de asistencia tecnica a los productores, y en la compra, acopio y venta de granos.

Investment Description

Contact Information
<pre>TEAM LEADER: Veiga Perez, Matias Angel</pre>