Grupo Promerica

Promerica DR Subordinated Debt

Borrower(s)
Grupo Promerica
Industry
Finance and other/Financial Services
Area of finance
Development Bank Finance
Region
Latin America
Latin America
Countries
Dominican Republic

Project Overview

The proposed transaction consists of an unsecured subordinated loan in US dollars ("US$") to Banco Múltiple Promerica, S.A. ("Promerica" or the "Bank"), for an amount of up to US$10 million. The maturity of the loan will be of up to seven years. The subordinated loan from IDB Invest will be used by...

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Deal Volume
$10m
Financial Close
29/11/2021
Dealmakers
Sources

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Tranches

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