IFC granted a loan to Banco Consorcio

September 22, 2016, by Lulu Rumsey - LATIN LAWYER

Carey has helped the International Finance Corporation grant a US$30 million loan to Chilean financial institution Banco Consorcio.
The loan closed on 31 August.

In May, the IFC, which is the investment arm of the World Bank, made a US$140 million equity investment in Consorcio Financiero, giving it an 8.3 per cent stake in the bank. Carey teamed up with Becker, Glynn, Muffly, Chassin & Hosinski LLP in New York to advise the IFC on that deal.


Counsel to the International Finance Corporation

In-house counsel – Veronica Rita Garcia

Carey

Partner Diego Peralta and associates Felipe Tupper and Patricia Montt

Counsel to Banco Consorcio

In-house counsel – Alvaro Larraín Prieto


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