Original disclosure @ IFC website
Updated in EWS Feb 26, 2021
Disclosed by Bank Nov 17, 2020
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The proposed investment consists of a financing package of up to US$215 million to Banco Alfa de Investimento S.A. (“Alfa” or the “Bank”) in Brazil, out of which IFC would commit an A-Loan up to US$150 million and would mobilize institutional investors to invest in an up to US$65 million B loan. The purpose of the proposed investment is to support climate-smart auto loans (mainly flex-fuel cars, which use both gasoline and ethanol, and hybrid/electric cars) in Brazil, in line with IFC’s strategic pillar in the country to support investments in climate-smart and modern technologies to mitigate climate impact (the “Project”).
IFC mobilized institutional investors to invest up to US$ 65.00 million.
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