PROJECT

Projects

Summary of Investment Information

Project Number

40408

Company Name

BANCO SABADELL S.A. INSTITUCION DE BANCA MULTIPLE

Date SPI Disclosed

Jul 30, 2018

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Oct 1, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 31, 2019

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 21, 2019
Signed : Jul 18, 2019
Invested : Jul 26, 2019

Sector

Commercial Banking - General

Project Description

The Project consists in a Senior Secured Loan to SabCapital S.A. de C.V., SOFOM, E.R. (“SabCapital” or “SC”) to grow its tourism (hotels) and green buildings portfolios in Mexico. The proposed project will support the entrance of Banco de Sabadell S.A. (Spain) (“Sabadell Spain” or the “Bank”), through SC, as a new participant in the Mexican financial system. The loan will be fully guaranteed by Sabadell Spain.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation