Syndications Brochure Detailed - September 2015

Partnering with IFC Syndications

IFC’S GLOBAL REACH108 regional offices in 98 countries

worldwide, AAA credit rating

3,879 staff (59% are based outside

Washington DC)

3

Overview of IFC

Overview of IFC

IFC Syndications B Loans

Parallel Loans

Managed Co-Lending Portfolio Program

Portfolio Update

Pipeline

4

5

IFC: A MEMBER OF THE WORLD BANK GROUP

6

Conciliation

and

arbitration of

investment

disputes

Guarantees

of foreign

direct

investment’s

non-

commercial

risks

Interest-free

loans and

grants to

governments

of poorest

countries

Loans to

middle-

income and

credit-worthy

low-income

country

governments

Solutions

in

private

sector

development

IBRD

International

Bank for

Reconstructio

n and

Development

IDA

International

Development

Association

IFC

International

Finance

Corporation

MIGA

Multilateral

Investment

and

Guarantee

Agency

ICSID

International

Centre for

Settlement of

Investment

Disputes

IFC Syndicated Loans & Management - Contacts Portfolio UpdateB LoansB LoansB LoansOverview of World Bank Group

Ending

Extreme

Poverty

Boosting

Shared

Prosperity

From 18%

to 3% of world

population by

2030

Increased incomes

for bottom 40% of

every country

An Unprecedented Opportunity:

Ending Extreme Poverty in One Generation

THE WORLD BANK GROUP’S TWIN GOALS

7

IFC Syndicated Loans & Management - Contacts Portfolio UpdateB LoansB LoansB LoansOverview of World Bank Group

CREATING OPPORTUNITY WHERE IT’S NEEDED MOST

What IFC Delivers

8

BUSINESS RESULTS:

Profitability,

Competitiveness,

Client Satisfaction

IFC’s Results

DEVELOPMENT IMPACT:

Helping the Private Sector

Reduce Poverty &

Foster Inclusive Growth

IFC

Clients

INNOVATIONInnovation in key areas

INFLUENCEInfluence on outcomes

DEMONSTRATIONDemonstration effect on

others

IMPACTImpact on development

IFC’s Brand Value

IFC Syndicated Loans & Management - Contacts Portfolio UpdateB LoansB LoansB LoansOverview of IFC

IFC: A VALUABLE PARTNER

We help clients in good times and bad by offering:

9

A strong financial position, strategy, staff

Low leverage ratios, prudent risk management policies

A long-term partnership perspective, providing clients important

countercyclical financing when commercial banks cut back

The expertise and experience needed to make a difference,

focusing on innovative transactions where our development

impact is the highest


IFC’S HISTORY

A global institution, now owned by 184 member countries

10

1990-

2000s19801956 Today


IFC Launch

PSD added to

the global

economic

agenda

IFC coins

term

“emerging markets”

IFC scales up

Investments

and builds

global advisory

footprint

The global

leader in

private sector

development

11

IFC’S PURPOSE

• To promote open and competitive

markets in developing countries

• To help generate productive jobs and

deliver essential services to the

underserved

• To support companies and other private

sector partners where there is a gap

• To catalyze and mobilize other sources

of finance for private sector

development

IFC, a member of the World Bank Group, is the largest global development

institution focused exclusively on the private sector

DEVELOPMENT: THE PRIVATE SECTOR’S ROLE

12

Complementing

Governments by

Strengthening

Economies by

Improving Lives

by

• Identifying Business Opportunities

• Providing Knowledge and Capital

• Creating Jobs

• Increasing Innovation

• Building Competition and Efficiency

• Generating New Tax Revenue

• Creating Opportunity

• Raising Living Standards

• Reducing Poverty


13

INVESTMENT

(Debt, Equity, Trade Finance, Syndications,

Securitized Finance, Risk Management)

ADVICE

(Integrated with IFC Investment)

IFC ASSET MANAGEMENT COMPANY

(Mobilizing and Managing Capital for Investment)

3 Focus Industries:

3 Product Areas:

MANUFACTURING,

AGRIBUSINESS &

SERVICES

FINANCIAL

INSTITUTIONS

INFRASTRUCTURE &

NATURAL

RESOURCES

WHAT WE DO

Integrated Solutions, Increased Impact


IFC’S PRIORITIES

14

Frontier

markets

Climate change

and environmental

& social sustainability Local financial

markets

Long-term

client relationships

in emerging markets

Strategic

Focus

Areas

Constraints to private sector growth in infrastructure,

health, education, and the food supply chain


WHAT CLIENTS VALUE ABOUT IFC

2014 IFC Client Survey

15

Long-Term

Partner Role

Financing

Not Readily

Available

Elsewhere

Worldwide

Presence

Global

Expertise and

Knowledge

Affiliation

with the

World Bank

Group

Ability to

Mobilize

Additional

Funds

Pricing


Stamp of

Approval

FY14 INVESTMENT COMMITMENTS: $22.4 BILLION

6.88.2

11.0 10.5

12.7 12.2

15.4

18.317.3

1.4

3.8

5.0

3.5

5.36.5

4.9

6.5

5.1

0.0

5.0

10.0

15.0

20.0

25.0

30.0

FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

IFC's own account Mobilization

16 16


23%

21%

20%

16%

10%

9% 1%Latin America & the Caribbean

Europe & Central Asia

Sub-Saharan Africa

East Asia & the Pacific

Middle East & North Africa

South Asia

Global

INVESTMENTS BY REGION, FY14

17

COMMITMENTS FOR IFC’S ACCOUNT: $17.3 BILLION

Portfolio UpdateB LoansB LoansB LoansOverview of IFC

41%

20%

14%

6%

6%

5%3%

3%2%

Trade Finance

Financial Markets

Infrastructure

Agribusiness & Forestry

Manufacturing

Consumer & Social Services

Telecom & IT

Funds

Oil, Gas, & Mining

INVESTMENTS BY INDUSTRY, FY14

18

COMMITMENTS FOR IFC’S ACCOUNT: $17.3 BILLION

Portfolio UpdateB LoansB LoansB LoansOverview of IFC

19

Overview of IFC

Overview of IFC


Parallel Loans


Portfolio Update

Pipeline

20

21

22

IFC’S SYNDICATED LENDING PROGRAM

Oldest and largest syndicated lending program among multilateral development banks, established in 1957

Over US$50 billion mobilized from more than 500 financial institutions for over 1,000 projects in more than 110 emerging markets

Co-financiers include international commercial banks, local and regional banks in emerging markets, funds, insurance companies and development finance institutions (DFIs)

As of December 30, 2014, IFC’s syndicated loan portfolio under management totaled US$15.4 billion

IFC SyndicationsB LoansB LoansB LoansB LoansOverview of IFC Syndications

22

CO-INVESTING WITH IFC IN SENIOR LOANS

B LoansManaged Co-Lending

Portfolio Program

THREE TYPES OF PRODUCTS

Parallel Loans

Type of Investor Commercial Banks Development Finance

Institutions & Local Banks

Institutional Investors

Investment Approach Active deal by deal selection Active deal by deal selection Passive portfolio participation in

eligible projects

Investment Strategy Client focus Developmental mandate

(DFIs)

Pre-agreed investment criteria and

portfolio concentration limits

Investment Process Independent credit approval Independent credit approval Full delegation to IFC post mandate

Tenor (average final

maturity)

FY12 6 years

FY13 8 years

FY14 9 years

FY12 9 years

FY13 10 years

FY14 12 years

Matching IFC’s A Loan tenors

Documentation Participation Agreement &

IFC Loan Agreement per

project

Common Terms Agreement &

Loan Agreement(s) per project

One Administration Agreement

governing the program & IFC Loan

Agreement per project

Portfolio Rights Voting Voting Follow IFC’s decisions

IFC SyndicationsB LoansB LoansB LoansB LoansOverview of IFC Syndications

23

24

Borrower

Participants

Loan Agreement

A + B Loans

Participation

AgreementB Loan One loan agreement – IFC is lender of

record and administers entire loan

IFC fully shares project risks with participants

Participation structure allows participants to benefit from IFC’s privileges and immunities

STRUCTURE

B LoansB LoansB Loans

24

25

STATISTICS

Fiscal year-end is June 30

FY2012 FY2013 FY2014

B Loans Parallel B Loans Parallel B Loans Parallel

Volume (US$m): 1,764 927 1,829 1,269 2,043 730

Number of Deals: 26 24 26 19 28 12

Average Loan Size (US$m): 68 39 70 67 73 61

Average Final Maturity (yrs): 6 9 8 10 7 12

Average Margin (bps): 310 444 313 416 353 506

B LoansB LoansB LoansB LoansB Loans

25

26

IFC AND RISK MITIGATION

Credit RiskCountry Risk Reputational Risk

First-class due diligence and analysis

IFC’s global presence and knowledge

IFC’s structuring and restructuring skills

Strong security packages

Long-term funding, avoiding refinancing risks

IFC’s Environmental & Social Standards

Extensive governance due diligence

World-class in-house specialists

IFC’s Preferred Creditor Status

IFC’s effective mitigation of transfer and convertibility risk

IFC access / relationships to national governments


26

27

PREFERRED CREDITOR STATUS (PCS)

Preferred access to foreign exchange in the event of country foreign exchange shortage

Excluded from general country debt reschedulings

Not subject to mandatory new money obligations under general country debt rescheduling

Consistent universal recognition - Pakistan, Russia, Argentina

Bank regulators exempt B Loans from mandatory country risk provisioning

Allows rated transactions to pierce sovereign ceiling

Recognized mitigant of country risk under Basel II


27

28

Standardized approach:

Banks may apply the local currency rating of the borrower (as opposed to the foreign currency rating), recognizing the effective mitigation of transfer and convertibility risk

Advanced Internal Ratings-Based (IRB) approach:

Banks may reflect the country risk mitigation afforded by the B Loan structure through lower country risk weighting

PCS: CAPITAL TREATMENT OF B LOANS

UNDER BASEL II


28

29

PCS: CAPITAL TREATMENT OF B LOANS UNDER BASEL II


29

30

Enables loans with longer tenors & no withholding tax

Completes financial package

Introduces new banking relationships

IFC’s “stamp of approval”

IFC’s environmental and social leadership

BENEFITS TO BORROWERS


30

31

Preferred Creditor Status (PCS)

Recognition of IFC’s risk mitigation by

Regulators

Rating agencies

Basel II

Private PRI providers

IFC’s environmental and social leadership

IFC’s structuring and restructuring skills

BENEFITS TO PARTICIPANTS


31

32

US$ ‘000

TOP 20 PARTICIPANTS

US$ ‘000

New Signings

January 1, 2014 – December 31, 2014Committed Portfolio

as of December 31, 2014

1 Korea Development Bank 188,511 1 UniCredit 500,904

2 FMO 149,575 2 DnB ASA 444,771

3 HSBC 137,000 3 FMO 441,059

4 ANZ 122,000 4 Mitsubishi UFJ Financial Group 397,197

5 Standard Chartered Bank 110,000 5 ING Group 344,638

6 Commerzbank 100,000 6 Societe Generale 305,578

6 Santander 100,000 7 Santander 301,657

6 Bank of America 100,000 8 KfW-IPEX 291,946

9 Arab Bank 89,840 9 Korea Development Bank 290,109

10 DnB ASA 72,772 10 SMBC 284,449

11 Credit Agricole 72,500 11 Nordea Bank 268,149

12 United Overseas Bank Limited 72,000 12 Credit Agricole 255,889

12 Oversea-Chinese Banking Corporation 72,000 13 HSBC 249,402

14 SMBC 70,800 14 Bank of America 247,160

15 Emerging Africa Infrastructure Fund 67,962 15 Arab Bank 230,524

16 SEB 62,000 16 Standard Chartered Bank 229,478

16 Nordea Bank 62,000 17 Portigon 199,965

16 Pohjola Bank 62,000 18 SEB 181,625

19 Industrial and Commercial Bank of China 52,500 19 National Bank of Abu Dhabi 161,300

20 BPCE 40,250 20 BNP Paribas 148,303


32

33

PARTICIPANT’S VOTING RIGHTS

100%: Change in money terms

100%: Waive or amend conditions precedent

67%: Acceleration following payment default

67%: Release security or waive negative pledge

67%: Waive or amend guarantees or support arrangements

67%: Change in ownership control provision

51%: Waive or amend financial covenants

Consult: Waive or amend non-financial covenants

(Percentages reflect consent level required, based on total B Loan amount)


33

34

IFC shares with Participants all information received from Borrowers

under the Loan Agreement, including regular financial reporting &

knowledge of key credit events

INFORMATION SHARING

B Loans

34

35

PARTICIPANT ELIGIBILITY

Objective participant eligibility criteria

“Eligible Financial Institution”

• Not incorporated or residing in the country of the borrower or the project

• Not an export credit, governmental, or multilateral agency

• International investment-grade rating from Fitch, Moody’s or S&P

Non-investment grade and unrated financial institutions may be considered on a case-by-case basis


35

36

PCS + PRI = Additional Risk Mitigation

Participants may obtain political risk insurance (PRI) on B

Loans from eligible financial institutions to further mitigate

country risk

IFC B Loans may also benefit from war and civil disturbance

insurance provided by the World Bank Group’s Multilateral

Investment Guarantee Agency (MIGA)


36

37

SYNDICATED PARALLEL LOANS

Partnership with financial institutions which are not eligible B Loan

participants such as Development Financial Institutions (“DFIs”) or

local commercial banks

To improve cooperation with DFIs, IFC developed a Master

Cooperation Agreement (MCA) that streamlines how IFC works

with DFIs to co-finance projects when IFC is the mandated lead

arranger

IFC has mobilized over US$6 billion from parallel lenders, including

DFIs and local commercial banks for borrowers, globally

B LoansB LoansParallel Loans

37

38

As of January 1, 2015

MCA SIGNATORIES

Parallel Loans

Islamic Corporation for the

Development of the Private Sector


38

38

http://www.cdcgroup.com/default.aspx

http://www.cdcgroup.com/default.aspx

http://www.boad.org/Home.aspx

http://www.boad.org/Home.aspx

http://www.swedfund.se/en/

http://www.swedfund.se/en/

39

TOP 20 PARALLEL LENDERS

1 Proparco 151,296

2 Asian Development Bank 138,711

3 DEG 113,924

4 Itau 108,519

5 YES Bank 106,901

6 EBRD 89,851

7 FMO 77,000

8 OPEC Fund for International Development 76,000

9 Central American Bank for Economic Integration 75,000

10 OeEB 40,000

11 Overseas Private Investment Corporation 35,000

11 Banco G&T Continental 35,000

13 Banco General 34,000

14 CDC Group 30,000

15 Bank of Nova Scotia 27,750

15 Export Development Canada 27,750

15 ING GROEP 27,750

18 Islamic Development Bank 25,000

18 Cordiant Capital 25,000

20 Caterpillar Financial Services Corporation 23,125


39

New Signings

January 1, 2014 – December 31, 2014

1 Akbank 416,568

2 DEG 353,444

3 FMO 345,536

4 European Investment Bank 317,324

5 Proparco 312,339

6 African Development Bank 221,961

7 Inter-American Development Bank 172,543

8 UniCredit 170,170

9 EBRD 158,888

10 HSBC 136,000

11 OPEC Fund for International Development 124,000

12 RZB 122,298

13 Mitsubishi UFJ Financial Group 114,257

14 BNP Paribas 109,395

15 Yapi Ve Kredi Bankasi 92,829

16 YES Bank 86,460

17 Development Bank of South Africa 85,339

18 Central American Bank for Economic Integration 81,962

19 Turkiye Sinai Kalkinma Bankasi 77,792

20 Cordiant Capital 77,065

Agented Committed Portfolio

as of December 31, 2014US$ ‘000 US$ ‘000

40

SYNDICATED PARALLEL LOAN STRUCTURE

Borrower

Lender 5

Lender 4

Lender 6

Lender 2

Lender 3

IFC as Arranger

and/or Administrative

Agent


40

41

Pre-Signing:

IFC approaches parallel lenders as if syndicating a B Loan

Early contact for preliminary interest and feedback

Assist due diligence process by sharing information memorandum

and managing project appraisals

Negotiate documentation among all parallel lenders

All lenders sign a single Common Terms Agreement and short form

individual loan agreements covering money terms (IFC does not act

as Lender of Record for parallel lenders)



41

42

BENEFITS

For Borrowers:

Enhanced access to financing from DFIs and other ineligible B

Loan participants, particularly for longer tenors and in frontier

countries and sectors

Time and cost savings throughout the life of the facility

For Lenders:

Increased deal flow through IFC’s global origination capacity

Access to IFC’s due diligence, structuring and restructuring skills

and global presence

Time and cost savings

All lenders, including IFC, share the same rights and obligations


42

43

Post-Signing:

IFC may act as Administrative Agent, with responsibility for

Reporting – distribution of reporting and/or communications between

lenders and borrower

Waivers and amendments – coordinating, delivering, and managing

votes among lenders and borrower

Payments – can be coordinated through a specially designated

account if agreed by all parties



43

44

STATISTICS


FY2012 FY2013 FY2014

B Loans Parallel B Loans Parallel B Loans Parallel

Volume (US$m): 1,764 927 1,829 1,269 2,043 730

Number of Deals: 26 24 26 19 28 12

Average Loan Size (US$m): 68 39 70 67 73 61

Average Final Maturity (yrs): 6 9 8 10 7 12

Average Margin (bps): 310 444 313 416 353 506


44

45

MANAGED CO-LENDING PORTFOLIO PROGRAM

New product for passive investors looking to diversify

their portfolios and leverage IFC’s experience &

capabilities in originating & structuring emerging

market senior loans

Similar to an index fund, MCPP creates a loan portfolio

for investors that mimic IFC’s own future portfolio

Investors pledge capital to an IFC Trust Fund (or other

segregated account) which co-invests with IFC in new

loans across pre-agreed regions and sectors

MCPP and IFC senior loan investments are structured

with the same terms and conditions; Project appraisal,

approval, commitment, and supervision are fully

delegated to IFC

No upfront management fee; IFC fees retained on a

success basis from reflows on loans

The first MCPP investor, China’s PBOC, signed in

September 2013 with a pledge of US$3 billion

B LoansB LoansMCPP

45

46

Portfolio design is agreed and customized to meet

Investor’s Strategy

IFC identifies eligible transactions and builds a portfolio for Investor that

mimics IFC’s own portfolio

IFC commits Investor funds alongside its own

investments on the same terms & conditions

IFC manages Investor’s Loan in line with

decisions taken for IFC’s own account

MCPP Investor and IFC sign an

Administration Agreement

IFC sets up IFC Trust Fund or other

segregated account for MCPP Investor

Funds are pledged and called to meet

approved disbursements

Loan Agreement is signed by Borrower,

IFC for its own account, and IFC as

Implementing Entity for the MCPP

Investor Trust Fund

IFC makes disbursements to approved

projects from MCPP Investor’s Trust Fund

upon confirmation of conditions of

disbursement

IFC is the sole interface with the

Borrower, acting as Lender of Record for

the MCPP Investor

IFC fees retained from reflows on loans

Administration Agreement

Loan Agreement

MCPP PROCESS

B LoansB LoansMCPP

46

47

Overview of IFC

Overview of IFC


Parallel Loans


Portfolio Update

Pipeline

48

49

50

SYNDICATIONS PORTFOLIO*as of December 31, 2014 – by Region

TOTAL COMMITTED PORTFOLIO: US$15.4 BILLION – 181 LOANS

*Includes B Loans, Parallel Loans, MCPP Loans, A Loan Participations (ALPs), Unfunded Risk Participations(URP), &

Initiatives (Trade Finance)

B LoansB LoansPortfolio Update

50

12%

27%

32%

8%

8%

11%2%

East Asia

Europe & Central Asia

Latin America & Caribbean

Middle East North Africa

South Asia

Sub-Saharan Africa

World

51

*Includes B Loans, Parallel Loans, MCPP Loans, A Loan Participations (ALPs), Unfunded Risk Participations(URP), &

Initiatives (Trade Finance)

SYNDICATIONS PORTFOLIO*as of December 31, 2014 – by Industry Group

TOTAL COMMITTED PORTFOLIO: US$15.4 BILLION – 181 LOANS


51

16%

59%

25%

Financial Markets

Infrastructure & Natural Resources

Manufacturing, Agriculture & Services

52

NON PERFORMING LOANS (NPLS)

Non-Performing A Loans as a % of all A Loans with a B Loan attached


* A Loan to a single Ukrainian borrower represents 4% out of the total NPL ratio as of 6/30/2014 NPLs = 60 days past due

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14


52

53

AVERAGE B LOAN WRITE-OFFS

OF 0.66% OVER THE PAST 10 YEARS

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14

% o

f outs

tandin

g lo

ans a

t pre

vio

us y

ear-

end

Assumes IFC A Loan write-offs apply to B Loans. Average calculated over past 10 fiscal years

Fiscal Year end is June 30


53

IFC’S GLOBAL REACH

55

Overview of IFC

Overview of IFC

IFC Syndications

B Loans

Parallel Loans

Managed Co-Lending Portfolio

Program

Portfolio Update

Pipeline

56

57

SYNDICATIONS PIPELINEas of January 2015

47 upcoming mandated deals totaling US$ 5.3 billion

B LoansB LoansPipeline

57

0

500

1000

1500

2000

2500

3000

East &South Asia

Europe &Central Asia

LatinAmerica

& Caribbean

Middle East& NorthAfrica

Sub-SaharanAfrica

US$ m

illions

Manufacturing, Agriculture & Services

Infrastructure & Natural Resources

Financial Markets

58

2012 ECA

Deal of the Year

Recaudo BogotaColombia

Americas Petrochemical

Deal of the Year

Etileno XXI Mexico

Middle Eastern Renewables Deal of

the Year

Tafila Wind FarmJordan

2012 Latin AmericanPetrochemical

Deal of the Year

Etileno XXIMexico

African Petrochemical

Deal of the Year

ElemeNigeria

B LoansB LoansAwards

2013

Multilateral of the Year

Global Award

IFC

Asia-Pacific Petrochemical Deal

of the Year

Panca Amara UtamaIndonesia

Asia-Pacific Multi-

Source FinancingDeal of the Year

Dharma Asahan PT Hydro

Indonesia

2014

58

59

Portfolio UpdateB Loans

US$150,000,000

US$75,000,000

IFC A Loan

US$75,000,000

B Loan

7 years & 5 years

Corporate Loan

China

Mandated Lead Arranger

$452,000,000

US$80,000,000

IFC A Loan

US$372,000,000

B Loan

12 years & 8 years

Project Finance

China


US$280,000,000

US$75,000,000

IFC A Loan

US$205,000,000

B Loan / Parallel Loan / MCPP

13 years , 15 year & 13 years

Project Finance

Indonesia


$144,000,000 (LC)

$48,000,000 (LC)

IFC A Loan

$96,000,000 (LC)

Parallel Loan

15 years & 15 years

Project Finance

India


September 2014

US$509,000,000

US$94,000,000

IFC A Loan

US$415,000,000

B Loan

12 years & 10 years

Project Finance

Indonesia


June 2014

US$200,000,000

US$20,000,000

IFC A Loan

US$180,000,000

B Loan & Parallel Loan

7 years, 2 years & 5 years

Financial Institution

Sri Lanka

Mandated Lead Arranger &

Administrative Agent

June 2014

US$250,000,000

$30,000,000

IFC A Loan

$220,500,000

B Loan & MCPP Loan



Indonesia


June 2014

US$80,000,000

US$30,000,000

IFC A Loan

US$50,000,000




PNG



B LoansB LoansSelected Transactions in Asia

June 2013 March 2014 May 2014 June 2014

59

Portfolio Update B LoansB LoansB Loans

October 2014

US$192,000,000

US$76,000,000

IFC A Loan

US$116,000,000


17 years

Project Finance

Jordan



September 2014

US$96,000,000

US$64,000,000

IFC A Loan

US$32,000,000

MCPP Loan

6 years


Turkey


October 2014

US$200,000,000

US$50,000,000

IFC A Loan

US$150,000,000

B Loan & MCPP Loan

8 years

Project Finance

Nigeria

Co-Mandated Lead Arranger

US$227,500,000

US$50,000,000

IFC A Loan

US$177,500,000

Parallel Loan

15 years

Project Finance

Nigeria

Co-Mandated Lead Arranger

November 2014

US$45,000,000

US$45,000,000

B Loan

15 years

Project Finance

Turkey


November 2014

US$16,500,000

US$5,000,000

IFC A Loan

US$11,500,000

Parallel Loan

5 years


Tajikistan


December 2014

US$119,000,000

US$50,000,000

IFC A Loan

US$69,000,000

B Loan & MCPP Loan



Nigeria


December 2014

US$171,250,000

US$35,000,000

IFC A Loan

US$136,250,000

B Loan,/ MCPP / Parallel Loan


Project Finance

Turkey


Selected Transactions in Europe, Middle East & Africa

Jordan Solar PV RE

November 2014

IMON International

60

61

Portfolio UpdateB LoansB LoansB LoansSelected Transactions in Latin America

May 2014

US$126,300,000

US$35,000,000

IFC A Loan

US$91,300,000

Parallel Loan & MCPP Loan


Project Finance

Guatemala


Terminal Contenedores

Quetzal

September 2014

US$100,000,000

US$50,000,000

IFC A Loan

US$50,000,000

B Loan & MCPP Loan



Brazil


Penonome Wind Project

December 2014

US$300,000,000

US$80,000,000

IFC A Loan

US$204,000,000



Project Finance

Panama


October 2014

US$126,000,000

US$41,700,000

IFC A Loan

US$80,700,000


16.5 years, 15 years & 16.5 years

Project Finance

Honduras


December 2014

US$251,000,000

US$35,000,000

IFC A Loan

US$216,000,000

B Loan / Parallel Loan / MCPP

10 years

Corporate Finance

Brazil


December 2014

US$400,000,000

US$100,000,000

IFC A Loan

US$300,000,000

B Loan

3 years


Brazil


September 2014

US$185,000,000

US$45,000,000

IFC A Loan

US$140,005,000


8 years

Project Finance

Guyana


November 2014

US$309,000,000

US$200,000,000

IFC A Loan

R$260,960,000

Parallel Loan

10 years

Project Finance

Brazil


Brazil Wind Project

IFC Syndicated Loans & Management - Contacts

Director’s OfficeGeorgina Baker Director Washington DC +1 202 473 3175 [email protected]

Jane Clement Associate Knowledge Management Officer Washington DC +1 202 473 7284 [email protected]

Katerina Timina Executive Assistant Washington DC +1 202 458 8437 [email protected]

Co-Investor SolutionsEuan Marshall Head of Co-Investor Solutions Washington DC + 1 202 458 0349 [email protected]

Anjali Varma Senior Syndications Officer Washington DC + 1 202 458 8721 [email protected]

Bobby Kia Syndications Analyst Washington DC + 1 202 473 5007 [email protected]

Florence Makokha Program Assistant Washington DC +1 202 473 9052 [email protected]

Syndications – New BusinessSharmila Hardi Global Head of Syndications Washington DC +1 202 473 7259 [email protected]

Paulette Bernard Program Assistant Washington DC +1 202 473 6146 [email protected]

Latin America & CaribbeanJuan Jose Garcia Head of Syndications – Latin America & Caribbean Washington DC +1 202 473 6702 [email protected]

Mauricio Moura Senior Syndications Officer Washington DC +1 202 473 0391 [email protected]

Enrique Carlos Tizon Consultant London +44 20 7592 8406 [email protected]

Angela Cuesta Syndications Officer Washington DC +1 202 458 0658 [email protected]

Maria Valeria Biurrun-Zaum Associate Syndications Officer Washington DC +1 202 473 7838 [email protected]

Alberto Anton Gollonet Syndications Analyst Washington DC +1 202 473 8335 [email protected]

Joshua McCann Syndications Analyst Washington DC +1 202 473 7860 [email protected]

Neelam Chowdhary Team Assistant Washington DC +1 202 458 4384 [email protected]

Europe, Middle East & Africa Michael Emery Head of Syndications – Europe, Middle East & Africa London +44 20 7592 8421 [email protected]

Alma Ourazalinova Principal Syndications Officer Washington DC +1 202 458 5667 [email protected]

Wola Asase Syndications Officer Lagos +234 1 280 5913 [email protected]

Cem Karadayi Syndications Officer London +44 20 7592 8413 [email protected]

Enrique Carlos Tizon Consultant London +44 20 7592 8406 [email protected]

Hannah Joy Yi Syndications Analyst Washington DC +1 202 473 9094 [email protected]

Anna Louisa Cocola Team Assistant London +44 20 7592 8419 [email protected]

AsiaJohn Groesbeek Head of Syndications - Asia Hong Kong +852 2509 8122 [email protected]

Claudia Scheuerl-Lee Senior Syndications Officer Hong Kong +852 2509 8110 [email protected]

Nitesh Kumar Agrawal Syndications Officer Hong Kong +852 2509 8100 [email protected]

Huaixue Sherry Fu Associate Syndications Officer Hong Kong +852 2509 8523 [email protected]

Fiona Kwan Team Assistant Hong Kong +852 2509 8118 [email protected]

Portfolio UpdateB LoansB LoansB LoansIFC Syndicated Loans & Management - Contacts

Syndicated Loan Management - PortfolioMatthew Bauer Senior Manager Washington DC +1 202 458 7481 [email protected]

Managed Co-Lending Portfolio ProgramMary Beth Ward Principal Syndications Officer & Team Leader Washington DC +1 202 473 4817 [email protected]

Liang Chen Portfolio Analyst Washington DC +1 202 458 1502 [email protected]

Florence Makokha Program Assistant Washington DC +1 202 473 9052 [email protected]

Syndicated Loan Portfolio

Latin America & Caribbean/Sub-Saharan Africa

Yan Jin Principal Syndications Officer & Team Leader Washington DC +1 202 473 9088 [email protected]

Petra Tojslova Senior Syndications Officer Washington DC +1 202 473 8516 [email protected]

Olimpia Gjino Senior Syndications Officer Johannesburg +27 11 731 3213 [email protected]

Rashed Sultan Syndications Officer Washington DC +1 202 458 5777 [email protected]

Yanilka Fernandez Associate Syndications Officer Washington DC +1 202 473 7151 [email protected]

Paul Nazarenko Associate Syndications Officer Washington DC +1 202 458 2798 [email protected]

Saroj Lamba Portfolio Analyst Washington DC +1 202 473 7674 [email protected]

Helen Berhe Portfolio Analyst Washington DC +1 202 473 5644 [email protected]

Jacqueline den Otter Portfolio Analyst Washington DC +1 202 473 1018 [email protected]

Robin Parks Program Assistant Washington DC +1 202 458 0109 [email protected]

Europe, Middle East & Central Asia

Burak Egemen Senior Syndications Officer & Team Leader Istanbul +90 212 385 3038 [email protected]

Ilaria Trifogli Syndications Officer Istanbul +90 212 385 2533 [email protected]

Pars Ayaz Syndications Officer Istanbul +90 212 385 2598 [email protected]

Duygu Uyanik Syndications Analyst Istanbul +90 212 385 2518 [email protected]

Asli Deniz Torunoglu Team Assistant Istanbul +90 212 385 3082 [email protected]

Asia

Gary James Wilmer Senior Syndications Officer Hong Kong +852 2509 8179 [email protected]

Nevcan Munewer Coban Syndications Analyst Hong Kong +852 2509 8525 [email protected]

Fiona Kwan Team Assistant Hong Kong +852 2509 8118 [email protected]

IFC Syndicated Loans & Management - Contacts Portfolio UpdateB LoansB LoansB LoansIFC Syndicated Loans & Management - Contacts

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www.ifc.org/syndications

September 2008

B LoansB LoansB LoansFebruary 2015

Documents

Syndications Brochure Detailed - September 2015