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The proposed project (the “Project”) consists of a sustainable Diversified Payments Rights (“DPR”) notes issuance of up to US$200 million by Banco G&T Continental (“GTC” or the “Bank”), an IFC client since 2008, in Guatemala. The investment will be executed under the Bank’s existing DPR program and through a Special Purpose Corporation (Titularizadora Centro Americana de DPRs or the “SPC”). The sustainable notes will be collateralized by US-denominated DPRs originated by GTC and will have a tenor of 7 years, with a 2-year grace period. The use of proceeds of the investment is to support GTC’s loan portfolio growth in (i) climate-related assets, including green buildings and energy-efficiency sub-projects; (ii) Small and Medium Enterprises (“SMEs”) in accordance with IFC’s definition and applicable local regulation; and (iii) low-income housing, with a specific carve out to support women home ownership. The aforementioned use of proceeds will comply with applicable Guatemalan Regulations, including E&S requirements.
DCM Banco GyT DPR
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