TT&A advised International Finance Corporation in relation to the grant of an unsecured loan made available to Bank of Bhutan (“Borrower”), which is the oldest and largest commercial bank in Bhutan. The proposed project consists of an investment of a USD 20 million (equivalent in Bhutanese Ngultrum), by IFC into the Borrower, which shall be utilized by the Borrower for on-lending to eligible sub-borrowers including MSMEs. The proposed transaction will be one of the most significant investments under Bhutan’s external commercial borrowing framework.

TT&A Team: Gautam Saha – Joint Managing Partner; Ambarish Mohanty – Partner; Ankita Mandal – Managing Associate; and Sangita Sharma – Associate