PROJECT

Projects

Summary of Investment Information

Project Number

44756

Company Name

GTLP Bank of America

Date SPI Disclosed

Apr 9, 2021

Country

World Region

Region

Global

Projected Board Date

May 10, 2021

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Sep 30, 2022

Department

CFGPD - Global Industry, Financial Markets/Trade & Supply Chain, Products

Industry

Financial Markets

Sector

Commercial Banking - Trade and Supply Chain

Project Description

GTLP Bank of America (the “Project”) is a proposed risk sharing facility whereby Bank of America N.A. (“BofA” or the “Bank”), and IFC would share the risk, on an up to 50:50 basis, in a portfolio of up to US$500 million of trade transactions originated by BofA (maximum up to US$250 million for IFC’s own account). IFC and the Bank are actively engaged in discussions about the Project, which is subject to negotiation and execution of definitive documentation.

Associated Advisory Engagement

                              

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation