Brazilian Securities Mortgage Instruments Warehouse Facility
This project is a collateralized credit facility to finance the origination and accumulation of instruments backed by real estate assets for further securitization.  The facility was originally funded by the IDB with a 7-year loan of up to US$ 75 million.  An additional US$ 25 million was disbursed on October 28, 2010.  BSEC is using the proceeds of the loans to originate and accumulate instruments backed by real estate assets until there is sufficient volume to securitize and place them in the domestic capital markets.

Project Detail

Country

Brazil

Project Number

BR-L1032

Approval Date

October 26, 2005

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 300,000,000.00

Country Counterpart Financing

USD 225,000,000.00

Original Amount Approved

USD 75,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1672/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
1672/OC-BR-1 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 1672/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 1672/OC-BR-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-98179150-2131
Project Abstract
Brazilian Securities Mortgage Instruments Warehouse Facility - Project Abstract [596753].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-98179150-2078
Project Abstract
Brazilian Mortgages-Brazilian Securities [585499].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-98179150-2085
Project Abstract
Brazilian Mortgages-Brazilian Securities [585675].PDF
Dec. 31, 1999
English

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