Caja Arequipa seeks IFC loan

Caja Arequipa seeks IFC loan

Corporate & Sovereign Strategy International Financial Institutions IDB Invest Debt Loans South America Peru Colombia Chile

Peruvian microfinance firm Caja Municipal de Ahorro y Crédito Arequipa said it received regulatory approval to borrow up to $50 million from the International Corporate Finance (IFC), the private sector division of the World Bank, according to a securities filing. Caja Arequipa could take out up to $30 million in Peruvian soles in one tranche and as much as $20 million in a second, both with tenors of eight years, it said in the filing on Monday. Caja Arequipa placed its first bond deal in the l

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