PROJECT

Projects

Summary of Investment Information

Project Number

40005

Company Name

FRANSABANK SAL

Date SPI Disclosed

Nov 9, 2017

Country

Lebanon

Region

Middle East

Projected Board Date

Dec 15, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 1, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Dec 15, 2017
Signed : Mar 21, 2018
Invested : Apr 5, 2018

Sector

Commercial Banking - General

Project Description

The proposed project (the “Project”) involves supporting Fransabank SAL (the “Bank”), through the purchase of up to US$ 75 million in multiple issuances out of the Bank’s Green Bond Program (“GBP”) over a 2-year period. The GBP will be structured and issued under local laws and the Lebanese Capital Market Authority regulations. This will be the first GBP bank in Lebanon and will be issued in accordance with the Green Bond Principles, 2017.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation