April 12, 2018 |
Produbanco has requested up to $50 from IDB Invest, according to a statement from the multilateral bank.
The loan is expected to consist of $30m in five-year senior unsecured debt, with a one-year grace period, and could feature a potential $20m in eight-year subordinated debt.
The senior secured loan could be composed of a $12m loan from the IDB Invest, $13m from the IDB and $5m from the Chinese Fund for Co-financing for Latin America and the Caribbean, the IDB Invest said.
The bullet subord
Ecuadorian financial institution asks IDB Invest for $50m to put towards green lending