Back then, of course, there was also a parallel loan
recovery drive under way since most banks were public-sector entities and weighed down by non-performing loans.
A parallel loan
of 5 million will be provided by the Nordic Environment Finance Corporation (NEFCO).
The mobilised amount includes a B Loan from Arab Bank, a loan through the IFC Managed Co-Lending Portfolio Programme, a new syndications platform that offers institutional investors the ability to passively participate in IFC's future senior loan portfolio, and a parallel loan
from DEG and Finnfund.
The financing package includes a $54mn loan from the IFC and $134 million from other senior lenders, including a parallel loan
from Japan International Cooperation Agency (JICA) , IFC said in a statement.
Announcing the deal, alfanar said the EBRD loan will be complemented by a parallel loan
of up to $28.5 million provided by the ICD.
In addition, IFC said it is mobilizing a USD4 million parallel loan
from the Inter-American Development Bank.
How can they lend when the borrower has a parallel loan
?" underlined the Chairman of the National Bank.
IFC offered EUR46.1m and mobilised an additional EUR41.1m from UniCredit through a syndication loan, while OPIC provided a USD50m parallel loan
It will provide Coopenae up to $15 million and mobilize a parallel loan
of up to $15 million, from the Netherlands Development institution FMO.
According to Hatano, a parallel loan
from the Extended Fund Facility of the International Monetary Fund totaling 150 billion yen will be used to support economic rehabilitation and structural adjustments in the Indonesian economy, which was seriously affected by the Asian economic crisis.
One such strategy, the parallel loan
, was the precursor of the booming 1980s market in interest rate and currency swaps.