PROJECT

Projects

Summary of Investment Information

Project Number

39976

Company Name

RSF Santander Mexico

Date SPI Disclosed

Nov 5, 2018

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Nov 26, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jan 21, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 30, 2018
Signed : Nov 30, 2018

Sector

Capital Markets Financing Company (Including Investment Banking)

Project Description

The proposed project (the Project) consists of a Synthetic Risk Transfer (“SRT”) transaction in which IFC will take up to MXN 2.4 billion of unfunded mezzanine risk exposure towards a MXN 34.3 billion portfolio of SME and mid-sized corporate loans originated by Santander Mexico.  The capital relief Santander Mexico obtains from the SRT will enable it to significantly increase its SME lending.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation