Original disclosure @ IFC website
Updated in EWS Oct 10, 2022
Disclosed by Bank Jan 31, 2022
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According to the bank's website, the project "comprises a convertible senior debt investment of upto US$15 million in FIG3 Investment Holding Pte. Ltd (“Forte” or the “Company”), the holding company which operates in the insurance sector via its subsidiaries in Cambodia and Lao PDR. The funds will be used to strengthen Forte’s capital position, expand its product suite and enhance reach within and outside Cambodia."
The development impact of the proposed project is the increase in insurance coverage in the non-life segment through both expansion of existing insurance products and introduction of new insurance products in Cambodia and also in other East Asian countries, including Lao PDR. Beyond the Project, IFC anticipates that via demonstration, replication and innovation channels, the investment will foster increased competitiveness in its operating markets by introducing new insurance products and catering to specific needs in the market.
FIG3 Investment Holding Pte. Ltd
Guido M Meyerhans
Chief Strategy Officer
(+855) 23 885 077
120 Robinson Road, #08-01 Singapore 068913
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