According to the bank, the proposed transaction consists of an unsecured subordinated loan to Republic Bank Ltd. ("Republic", "Republic Bank" or the "Bank") denominated in US Dollars ("US$") for up to US$75 million. The tenor of the financing will be up to seven years. IDB Invest's subordinated loan will be used by Republic Bank to (i) finance its digital integration process; and (ii) increase the size of its retail portfolio by funding small and medium-sized enterprises ("SME") and housing.
Title: General Manager
Telephone: +1 (868) 625-3617
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