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Tenure
of Financing
The tenure of ICD's financing shall be based on the specific conditions
of the project and will normally be in the range of five to seven
years inclusive of the gestation period. However, longer tenure
can be approved on an exceptional basis.
Minimum
Amount of Investment
The average size of the investments to be undertaken by ICD will
be USD 5 million. Investments that meet the eligibility criteria,
but with a total cost lower than USD 2 million, may benefit from
an indirect financing through specific funds set up by ICD or
via financing facilities granted to financial intermediaries.
Maximum
Amount of Investment
The maximum investment by ICD in a single project should not exceed
the following:
Equity and Quasi Equity
Under equity participation in the share capital of a company,
ICD's investment shall not exceed 33% of the company's paid-up
share capital. Moreover, ICD shall never be the largest single
shareholder.
Term Financing
Under term financing, ICD's exposure shall not exceed the following:
- 40% of the project investment cost for greenfield projects.
- 50% of the project investment cost for expansion/rehabilitation
of the existing projects.
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