Banco de la Producción S.A.’s $30 Million Loan


Ferrere advised BID Invest on the deal

Banco de la Producción S.A. (Produbanco) secured a $30 Million Loan from Inter-American Development Bank

The financing package consists of: (1) A senior unsecured loan of up to US$30 million, composed as follows: (i) US$12 million from IDB Invest; (ii) US$13 million from IDB; and (iii) US$5 million mobilized through a potential co-financing, to be financed by IDB Invest in its capacity as administrator of the Chinese Fund for Co-financing for Latin America and the Caribbean (the “Fund”).

The medium-term financing will provide resources to Banco de la Producción S.A. to finance small and medium-sized enterprises (SMEs), as well as a green credit line for SMEs.

Ferrere advised BID Invest with Jesús M. Beltrán (Picture), Pedro Hajj and Daniel Peré Viteri.

Involved fees earner: Jesús Beltrán – Ferrere Attorneys; Pedro José Hajj – Ferrere Attorneys; Daniel Peré – Ferrere Attorneys;

Law Firms: Ferrere Attorneys;

Clients: Inter-American Development Bank; BID Invest;

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Author: Ambrogio Visconti.