PROJECT

Projects

Summary of Investment Information

Project Number

47827

Company Name

BANCO VOTORANTIM S.A.

Date SPI Disclosed

Apr 25, 2024

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 30, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 11, 2024

Department

CF6L3 - Regional Industry FIG LAC & EUR/FIG LAC 3 Southern Cone & Brazil

Industry

Financial Markets

Previous Events

Approved : Sep 16, 2024
Signed : Dec 3, 2024
Invested : Dec 9, 2024

Sector

Commercial Banking - General

Project Description

The proposed investment consists of a 5-year amortizing loan of up to US$150 million to Banco Votorantim S.A. (BV or the Bank) to support on-lending for solar distributed generation systems in Brazil. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation