Proparco is guaranteeing the financing allocated by the Asian Development Bank to Far East Horizon, so that it can continue to support more environmentally friendly and cleaner means of transport – particularly buses.
The Asian Development Bank (AsDB) is a multilateral development bank founded in 1966 to support the economic and social development of Asia-Pacific countries. It now has 67 Member States. As ADB has allocated financing to the Chinese group Far East Horizon (FEH) to develop its leasing operations in key development sectors. FEH is the 5th largest leasing company in China and is particularly active in the transport, infrastructure, health and education sectors.
This operation is in the form of a risk subparticipation, i.e. a guarantee attached to USD 100m of financing allocated by the Asian Development Bank to the company Far East Horizon Limited (FEH), in the context of its activity to finance clean buses.
This operation will have a positive impact on the climate. It will contribute to the development of lower-carbon and non-polluting transport and will thereby reduce the greenhouse gas emissions attributable to the sector in the country.