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- Operations
- JSC TBC Bank (TBC)
JSC TBC Bank (TBC)
Georgia
| Borrower | JSC TBC Bank (TBC) |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Trade |
| Focus Area | Financial |
| Approved | 19.09.2017 |
| Signed | 19.10.2017 |
| Status | Completed |
| Loan Administrator | FMO |
| Co-financiers | FMO, FMO |
| OPEC Fund Contribution (US$m) | 25.00 |
OFID is participating in a US$106.5 million syndicated term loan to JSC TBC Bank, Georgia (TBC Bank), arranged by the Netherlands Development Finance Company (FMO). OFID’s participation will specifically support international trade finance projects. Participants providing US$56.5 million in total include: Symbiotics (through its MSME Bond Platform); Atlantic Forfaitierungs AG; London Forfaiting Company Limited; and undisclosed institutional investors through FMO’s syndications platform.