PROJECT

Projects

Summary of Investment Information

Project Number

39878

Company Name

DUNASPLUS CORP

Date SPI Disclosed

Nov 8, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 11, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 26, 2018

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

 The proposed transaction (the “Project”) consists of an investment in the Senior quotas of the Exten Apoio SME FIDC (Fundo de Investimento em Direitos Creditórios), a special investment vehicle under Brazilian law for the offering and distribution of credit risk instruments to Institutional Investors, to be sponsored by Exten Corp. (“Exten” or the “Sponsor”), formerly named DunasPlus Corp. The fund will make advances based upon B2B domestic performed trade receivables, which are generated by Brazilian SMEs (“Originators”) on goods sold / services provided to other Brazilian companies (“Obligors”). The investment is up to US$15 million equivalent in BRL.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation