Institution details
Banco de Inversión y Comercio Exterior - Argentina (BICE) (BICE)
Key facts
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | CCC+ |
Country rating | S&P | Local currency | CCC+ |
Products
- Short-term supplier credit
- Long-term supplier credit
- Other products
a. Short-term supplier credit
Direct loans of up to USD 10 million, loans are made in USD and repayment tenor of up to 1 year
Coverage:
- 80% of the amount of the outstanding commercial risk
- 90% of the amount of the outstanding political risk
b. Long-term supplier credit
Direct loans of up to 100% of incoterms value
Loans are made in any currency traded in Argentina
Amounts financed:
- Industrial equipment, agricultural exports, other capital goods, and services: Between USD 200,000 and USD 6 million
- Industrial plants and lump sum turnkey projects: Between USD 200,000 and USD 10 million
Repayment tenor of between 1 and 10 years, Interest rates equal to 6-month LIBOR plus a risk margin
c. Other products
- Facilities of up to 4 years and USD 20 million for Argentinian companies leasing agricultural equipment made in Argentina
- Factoring services to SMEs, and a variety of trust services
- Renewable energy project financing
- Investment financing programs
- Working capital financing
- Direct loans to buyers of agricultural equipment
- Direct loans for SMEs and special programs for SMEs led by women
- Renewable energy investment projects
- Regional development initiatives