PROJECT

Projects

Summary of Investment Information

Project Number

39086

Company Name

SOCIETE GENERALE EQUIPMENT FINANCE

Date SPI Disclosed

Apr 24, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 30, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 21, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 28, 2017
Signed : Nov 24, 2017
Invested : Dec 28, 2017

Sector

Leasing Services

Project Description

The project involves providing an up to US$ 50 million BRL equivalent A loan to SG Equipment Finance S.A. Arrendamento Mercantil (“SGEF Brazil” or the “Company”). The funds will be used to provide financing, mainly through leasing, to climate smart transactions (the “Project”). The Project counts on Credit Enhanced Loan Transaction (“CELT”) guarantee issued by Société Générale Group in France (“SGG”) which covers all commercial credit risk with the exclusion of certain country risk events. Supporting climate-change mitigation investments through financial intermediaries is a key pillar of IFC’s strategy.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation