Original disclosure @ IFC website
Updated in EWS Jan 31, 2023
Disclosed by Bank Nov 18, 2022
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According to the Bank’s website, the proposed investment is a 3-year senior USD-denominated loan of (i) up to US$120 million A Loan on IFC’s own account and (ii) Parallel loan(s) of up to US$50 million including a green-shoe option, on best effort basis, to Saigon-Hanoi Commercial Joint Stock Bank (“SHB”). The Loan will be used to support the growth of SHB’s small and medium enterprises (“SMEs”) loan portfolio, including Women-owned SMEs (“WSMEs”) and SMEs participating in supply chain finance (“SCF”) program. In addition, IFC proposes to establish a trade finance guarantee facility of US$75 million under its Global Trade Finance Program (GTFP) with tenors of up to 12 months to support SHB’s trade finance business. The Project will be supported by Women Entrepreneurs Finance Initiative (We-Fi) and the Women Entrepreneurs Opportunity Facility (WEOF) through a performance-based incentive (“PBI”) of up to US$ 226,000, provided the Bank achieves agreed targets.
Saigon-Hanoi Commercial Joint Stock Bank
Nguyen Thi Tuyet Hanh
Deputy Head of International Project Management Department
+84 983 901 386
77 Tran Hung Dao, Hoan Kiem Street, Ha Noi, Vietnam
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