Cooperative Housing Foundation (USA (New Jersey)) (DFC-COOPHOUSING3)

Countries
  • Lebanon
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Cooperative Housing Foundation (USA (New Jersey))
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 149.87 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 265.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 2, 2019

Disclosed by Bank Nov 19, 2018


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Project Description

The project is an expansion of an existing guaranty facility for Vitas SAL. 

Investment Description
  • US International Development Finance Corporation (DFC)

OPIC Guaranty: $150 million with an eight (8)-year availability period

Total Risk Share Allocation: $265 million (OPIC 68%-80%; CHF 20%-32%)

Contact Information

No contact information provided at the time of disclosure.