According to the Bank’s website, in 2022 IFC committed a new senior unsecured A-Loan of up to US$40 million eqvt. to Coca-Cola Beverages Pakistan Limited (‘CCBPL’), to refinance the outstanding balance of IFC's existing loan to the Company and top up the overall Loan amount. The IFC Loan will i) fund CCBPL's expanded working capital needs, which have arisen due to COVID; ii) partially finance the Company's capital expenditure program, which COVID delayed; and iii) facilitate a long-term cross-currency swap to hedge the Company's hard currency debt exposure against the anticipated Pakistan Rupee (‘PKR’) devaluation.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Coca-Cola Beverages Pakistan Ltd
Muhammad Shaharyar Mujahid
0092 423 575 6845-9
26 F.C.C., Syed Maratab Ali Road, Gulberg 4, Lahore
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