Original disclosure @ IFC website
Updated in EWS Jun 29, 2021
Disclosed by Bank Jun 30, 2020
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According to IFC website, IFC is providing support to a number of MCS businesses that have been negatively impacted by the Covid-19 pandemic and associated economic disruption. This includes funds for (i) recapitalizing MCS’ hospital subsidiary Intermed, (ii) working capital and liquidity support to MCS’ property and construction businesses, (iii) long term strategic digital investments and (iv) maintenance capital expenditure in MCS’ fast moving consumer goods (FMCG) and information and communication technology (ICT) subsidiaries. Once complete, the IFC financing will enable MCS to restructure its financial liabilities so that the average maturity of its debt repayments will be significantly extended.
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