PROJECT

Projects

Summary of Investment Information

Project Number

46132

Company Name

FSDH MERCHANT BANK LIMITED.

Date SPI Disclosed

May 13, 2022

Country

Nigeria

Region

Africa

Projected Board Date

Jun 15, 2022

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Nov 13, 2024

Department

CF3S2 - Regional Industry - FIG Africa/FIG Africa East & South

Industry

Financial Markets

Previous Events

Approved : Jun 30, 2022
Signed : Jun 30, 2022
Invested : Oct 14, 2022

Sector

Commercial Banking - Trade and Supply Chain

Additional Project Attributes

Blended Finance

Project Description

The project consists of up to US$35 in total financing in the form of an up to US$15 million trade finance guarantee facility under the Global Trade Finance Program (GTFP) for transactions with tenor up to 6 months and an up to US$20 million senior loan under the COVID-19 Emergency Response WCS Envelope (WCS Envelope) for working capital and trade-related loans to Small and Medium Enterprises (SMEs) including Women-owned Small and Medium Enterprises (WSMEs).                                                  

Associated Advisory Engagement

        

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation