Summary of Proposed Investment
Project Number
7460
Company Name
AYUDHYA DEVELOPMENT LEASING CO LTD
Date SPI Disclosed
Apr 11, 1996
Country
Thailand
Industry
Financial Markets
Status
Completed
Sector
Leasing Services
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jun 17, 1996
Signed : May 27, 1998
Invested : Jul 30, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Thailand-Ayudhya Development Leasing Company II (ADLC II) |
| Region | Asia |
| Sector |
Projected Board DateMay 15, 1996
Company NameAyudhya Development Leasing Company (ADLC)
Technical Partner and/or Major Shareholders
The technical partner is Korea Development Leasing Company (KDLC) and the local sponsor is Bank of Ayudhya (the fifth largest Thai bank).
Project Cost Including proposed IFC investment
Up to $25 million
Location of project and Description of site
Bangkok, Thailand
Description of Company and Purpose of Project (include IFC role\development impact)
Ayudhya Development Leasing Company (ADLC) was established in late 1991 to provide medium-term lease and hire purchase equipment financing to Thai enterprises. Whilst ADLC has adequate access to local currency financing, it needs to expand and diversify its foreign currency funding sources and has requested IFC to arrange a medium-term loan. IFC will provide a US$10 million loan for its own account and attempt to syndicate up to $15 million. The project can be expected to enhance the competitiveness of about forty small and medium-sized enterprises while generating productive employment opportunities and ensuring that their operations are environmentally sound.
Environmental Category and Issues
This is a Financial Intermediary (FI) category project according to IFC’s environmental review procedure. For relevant operations, ADLC will be required to implement an environmental risk management system consistent with host country requirements and World Bank policies. In addition, IFC will assess ADLC’s capability to implement the system.
| Date SPI sent to PIC | April 11, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
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