Institution details
Development Finance Institute Canada (FinDev) (FDC)
Key facts
- Established in 2018
- Ownership: Public
- 1 Place Ville Marie #2950
- None
- https://www.findevcanada.ca
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | AAA |
| Country rating | S&P | Local currency | AAA |
Products
- Equity
- Medium- and long-term loans
- Guarantees
- Structured and project financing
Equity
- FinDev Canada can provide flexible long-term private equity growth capital to high-potential companies
Medium and Long-Term Loans
- FinDev Canada can make loans to support a company’s operations or expansion plans, to be used for activities such as purchasing equipment or facilities, or making acquisitions
- Grace periods may be provided when needed
- Loans made at either fixed or variable rates
Guarantees
- FinDev Canada can provide an irrevocable guarantee to a company’s bank for a loan to support the company’s operations or expansion plans
Structured and Project Financing
- Structured financing can be provided to develop projects that demonstrate social and economic benefits for the host country
- Borrowers benefit from FinDev Canada’s support, including support for the technical, environmental, and social documentation needed for the project
Performance highlights
What's new?
- FinDev Canada began operations on January 1, 2018
- FinDev Canada provides financing and investments to private sector entities that operate in Latin America, the Caribbean, and Sub-Saharan Africa
- Priority sectors are green growth (renewable energy, energy infrastructure, energy efficiency, water supply, water management, waste management, wastewater management, bio-refinery products, green industrial production), agribusiness, and financial services
- Recipients of financing and investment funds must be able to demonstrate the ability to have an impact on economic and social development in the host country through job creation, a contribution to women’s economic empowerment, climate change mitigation, or adaptation