Institution details
Sociedade para o Financiamento do Desenvolvimento, IFIC S.A. (SOFID) (SOFID)
Key facts
- Established in 2007
- Ownership: Mixed
- Av. Casal Ribeiro, n. 14-4
- None
- https://www.sofid.pt
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | BBB- |
| Country rating | S&P | Local currency | BBB- |
Products
- Loans
- Equity
- Guarantees
Loans
- Minimum amount of EUR 250,000
- Tenor of up to 10 years, with a grace period of up to 3 years
- Variable interest rates indexed to EURIBOR
- Quarterly, bi-annual, or annual payments
- Loans are available in EUR, with other currencies possible
Equity
- SOFID participates in the share capital of a company through a minority stake, though without controlling authority and intervention in daily management
- This participation is temporary in nature, and the exit strategies are defined early in the beginning of the project
- Allocation thresholds can be changed depending on the specific role that the investment in question takes for development
- SOFID can participate indirectly through investments in private and public trust funds or credit lines to intermediaries
Guarantees
- SOFID can guarantee up to EUR 2.5 million, with tenors of up to 10 years
Performance highlights
What's new?
- SOFID and IDB Invest, a member of the Inter-American Development Bank Group, signed an agreement that will promote greater investment in Latin America and the Caribbean, allowing co-financing by the two entities
- SOFID and the European Investment Bank (EIB) signed a letter of intent to cooperate on providing a line of credit specifically for lending to SMEs in countries in the Africa, Caribbean and Pacific (ACP) region
- Although SOFID has the capability to operate in any emerging or developing country, it focuses on the following regions: - Africa: Angola, Cape Verde, Guinea Bissau, Mozambique, Sao Tome and Principe, South Africa, Algeria, Morocco, and Tunisia - Asia: China, India and, East Timor - Americas: Brazil
- SOFID is most involved and active in the agricultural, industrial, infrastructure, renewable energy, tourism, and financial sectors