PROJECT

Projects

Summary of Investment Information

Project Number

48577

Company Name

OTP LEASING LLC

Date SPI Disclosed

Apr 30, 2024

Country

Ukraine

Region

Europe

Projected Board Date

Dec 18, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 12, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 18, 2023
Signed : May 3, 2024
Invested : May 23, 2024

Sector

Leasing Services

Project Description

The proposed investment consists of a senior loan package of up to US$145 million equivalent to LLC “OTP Leasing” (OTP Leasing or the Company), consisting of: (i) a senior loan of up to US$25 million for IFC’s own account; (ii) a B2 loan of US$25 million; and (iii) a senior loan of up to US$95 million equivalent in EUR for IFC’s own account. OTP Leasing is IFC’s existing client and the leading leasing company in Ukraine. The project’s main objective is to support Ukraine’s economy by increasing access to finance for new leases to small and medium enterprises (SMEs), including potentially women-owned SMEs (WSMEs) and agribusinesses (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation