GSCF HSBC Mexico (IFC-48916)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 1, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
HSBC Mexico S.A., Institución de Banca Múltiple, Grupo Financiero (“HSBC Mexico”)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 11, 2024

Disclosed by Bank May 30, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed investment is a risk-sharing facility with HSBC Mexico S.A., Institución de Banca Múltiple, Grupo Financiero (“HSBC Mexico”) in a portfolio of supply chain finance-related assets for up to US$200 million with IFC investment of up to US$100 million (the “Project”).  The Project falls under the Global Supply Chain Finance (GSCF) Program, a supply chain finance program launched by the International Finance Corporation (IFC) in December 2022. The GSCF supports open account trade in the emerging markets by providing direct loan, funded or unfunded risk participation in partner banks’ facilities.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed investment is a risk-sharing facility with HSBC Mexico S.A., Institución de Banca Múltiple, Grupo Financiero (“HSBC Mexico”) in a portfolio of supply chain finance-related assets for up to US$200 million with IFC investment of up to US$100 million (the “Project”). 


Contact Information
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