Summary of Investment Information (SII) in IFCs website
 
Summary of Investment Information (SII) in IFCs website  
   

 

Summary of Investment Information (SII) in IFC’s website:

Epyllion Group is in a process of availing a Dollar Term Loan from the globally leading multilateral- International Finance Corporation (IFC), a sister concern of World Bank Group and the Dutch Entrepreneurial Development Bank, FMO. The proceeds of the loans provided by IFC and FMO shall be utilized for procurement of Capital Machineries & Equipment and Building Construction to expand the cutting, sewing and embellishment capacity of Epyllion Knitwears Ltd.(EKWL) by establishing its new unit as Epyllion Knitwears Ltd. (HW Unit) at Vill: Modonpur, P.O: Modonpur, P.S: Bondor, District: Narayangonj, Division: Dhaka, Bangladesh  which will literally act as the second unit of EKWL. For this loan, IFC is acting as the lead arranger and FMO as a parallel loan provider.   

As a part of their Due Diligence, both IFC & FMO have appraised the Company, the Sponsor, and the Project and reviewed its technical, economic, commercial, financial, environmental, social, corporate governance, and legal aspects. In conjunction with the appraisal, IFC’s environmental and social team has categorized the Project as “B Project” based as on its potential social and environmental risks and impacts. In this connection, IFC has already published the gist of the Environmental and Social Review Summary (ESRS) and Environmental & Social Action Plan (ESAP) through Summary of Investment Information (SII)  in their website for 30 days prior to the signing-off the loan agreement of the project by IFC's board of directors.

Find the Summary of Investment Information (SII) in IFC’s website through below link:

http://ifcextapps.ifc.org/ifcext/spiwebsite1.nsf/0/ECBC94F9CCE8F6DC85257E46004CA08F

 

 

 

 

 

 

 

 

 
 

 
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