DCM XP Investimentos II (IFC-42053)

Countries
  • Brazil
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
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
Feb 11, 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
XP INVESTIMENTOS 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.
Investment Amount (USD)
$ 85.00 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)
$ 85.00 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 Jan 17, 2019

Disclosed by Bank Jan 8, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

 The Project consists of an A/B loan of up to US$85 million, of which up to US$5 million in the form of an A loan and up to US$80 million as a B loan to XP. The purpose of the IFC Loan is to finance the expansion of XP’s operations, more specifically to increase the number of clients and IFAs (Independent Financial Advisors) throughout the country.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

XP Investimentos S.A. 
Deborah Rodrigues 
Communications Officer 
+55 11 3292-6591 
deborah.rodrigues@xpi.com.br 
Avenida Brigadeiro Faria Lima, 3600, 10th floor, Sao Paulo-SP, 04538-132, Brazil 
www.xpi.com.br 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/