PROJECT

Projects

Summary of Investment Information

Project Number

45765

Company Name

DIMEX CAPITAL, S.A. DE C.V., SOFOM ENR.

Date SPI Disclosed

Apr 26, 2022

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

May 27, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jul 21, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2022
Signed : Jul 3, 2023
Invested : Jul 19, 2023

Sector

Finance Companies

Project Description

The proposed IFC investment consists of (i) a 5-year senior secured loan of up to MXN1,000 million (~US$50mn equivalent) to a special purpose vehicle (Trust or the Borrower) serviced by Dimex Capital, S.A. de C.V., SOFOM, ENR (Dimex), a non-bank financial institution (NBFI) with a proven track record of granting loans to pensioners; and (ii) up to MXN200 million (~US$10 million equivalent) to be committed in a later stage in form of a Partial Credit Guarantee (PCG) or a senior pari-passu participation in the Trust’s issuance in the capital markets.

Associated Advisory Engagement

IFC will offer Banking on Women advisory services to Dimex to provide expertise in identifying Dimex’s gender finance portfolio and help design and develop tailored strategies to grow its business in Women segment.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation