Summary of Proposed Investment
Project Number
8120
Company Name
BANCO INTERNACIONAL DEL PERU S.A.A.
Date SPI Disclosed
May 14, 1997
Country
Peru
Industry
Financial Markets
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Jun 30, 1997
Signed : Nov 25, 1997
Invested : Dec 2, 1997
Project Description
Summary Of Project Information (SPI)
| Project Name | Peru-Banco Internacional del Peru |
| Region | Latin America and the Caribbean |
| Sector |
Projected Board Date June 16, 1997
Company NameBanco Internacional del Peru
Technical Partner and/or Major Shareholders
ING Bank as fronting bank for the Letter of Credit and Dresdner Bank as co-arranger of the Letter of Credit Syndication.
Project Cost Including proposed IFC investment
US$120 million
Location of project and Description of site
Lima, Peru
Description of Company and Purpose of Project
The project involves the structuring of an up to US$120 million facility in the form of an IFC A and B Loan for Interbank, the fourth largest Peruvian bank with US$1.3 billion in assets. The US$20 million IFC A Loan would have a term of eight years with a three year grace period. It would be used to provide term financing to private sector middle-market Peruvian companies, for projects involving consolidation, modernization, expansion, and export-related growth. The B Loan would be for the account of participants and would comprise the proceeds of a three-year structured US Commercial Paper program which is expected to be of up to US$100 million. It would be used to provide medium-term financing and develop Interbank’s local debt underwriting for private sector companies in Peru.
Environmental Category and Issues
This is an environmental review category FI project. Interbank will be required to undertake an environmental review of each subproject. IFC will assess Interbank’s capability to carry out environmental reviews.
| Date SPI sent to PIC | May 14, 1997 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Sponsor / Cost / Location
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