PROJECT

Projects

Summary of Investment Information

Project Number

47573

Company Name

NU COLOMBIA S A

Date SPI Disclosed

Feb 1, 2024

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Oct 24, 2022

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

May 14, 2025

Department

CF1S7 - Regional Industry - FIG LAC/FIG Investment Operations - LAC

Industry

Financial Markets

Previous Events

Approved : Oct 24, 2022
Signed : Dec 23, 2022
Invested : Jan 23, 2023

Sector

Finance Companies

Project Description

The proposed project consists of a financing package of up to US$265.1 million to Nu Colombia S.A. (the Borrower), the subsidiary of Nu Holdings Limited (the Guarantor). It will comprise (i) a three-year senior unsecured “A” loan of up to US$62.5 million linked to Colombian Pesos for IFC’s own account and (ii) a three-year senior unsecured “B” loan of up to US$202.6 million swapped to Colombian Pesos. The proceeds of the investment will help Nu Colombia to expand its business and therefore credit card access to unbanked and underbanked individual populations in Colombia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation