Banco Alemán Paraguayo S.A. (BAPSA II)
Expected Consideration Date by the Board:
Banco Alemán Paraguayo S.A.
The project consists of a credit line to BAPSA for on-lending to eligible Paraguayan SMEs, mainly for export-related or import substitution projects. Subloans will be made in U.S. dollars with a minimum of two years to a maximum of five year maturities. Maximum subloan amounts shall not exceed US$500,000 to finance the acquisition of fixed assets and working capital. Financing of working capital will be restricted to 30% of the line. Resources will be primarily used to finance agribusiness, cattle rise, agroindustrial, and agricultural services sectors.
Each eligible company must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental policies. Each company must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. Certification will be required that eligible companies will meet all applicable laws, regulations, and policies regarding the environment and occupational health and safety.