Siegfried (IFC-42036)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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.
Borrower
SIEGFRIED RHEIN, S.A. DE C.V.
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.
Investment Amount (USD)
$ 60.00 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)
$ 200.00 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 @ IFC website

Updated in EWS Nov 23, 2018

Disclosed by Bank Nov 16, 2018


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Project Description

According to the bank, the IFC’s proposed financing aims to support Siegfried’s expansion plan which includes the acquisition of additional brands, regional expansion in Central America, and other expenditures associated with Siegfried’s expansion plan (the “project”). The total Project Cost is estimated at approximately US$200 million. The proposed IFC investment is an up to US$60 million corporate A Loan for IFC’s own account plus mobilization of up to US$120 million.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

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