PROJECT

Projects

Summary of Investment Information

Project Number

42172

Company Name

ProCredit Holding AG & Co.KGaA

Date SPI Disclosed

May 10, 2019

Country

Southern Europe Subregion

Region

Europe

Projected Board Date

Jan 16, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 5, 2022

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Jan 16, 2019
Signed : May 7, 2019
Invested : May 28, 2019

Sector

Commercial Banking - SME Finance

Project Description

The Project consists of a US$90 million investment in two green bonds to be issued by ProCredit. Proceeds of the bonds will be used for green financing activities that focus on energy efficiency, renewable energy, and environmentally-friendly measures, thereby supporting the transition from high-carbon to low-carbon economies in the ProCredit Group’s countries of operation. These countries are invariably characterized by elevated levels of energy intensity, high pollution levels, and an energy mix dominated by fossil fuels.

Associated Advisory Engagement

                                        

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation