Hipotecaria Nacional- Mortgages Asset Backed Security

A local capital market transaction in an amount equivalent to approximately US$500 million, consisting of a mortgage backed securities program (secured by residential mortgage loans) and enhanced by an IDB partial credit guarantee. IDB's partial credit guarantee will be structured such that a partial guarantee (up to 15 of the face value of each series) will be issued with respect to each issuance, with an aggregate amount of up to the maximum guarantee amount.

Project Detail

Country

Mexico

Project Number

ME-L1003

Approval Date

June 16, 2004

Project Status

Cancelled

Project Type

Guarantee

Sector

Subsector

Lending Instrument

IDB Invest

Lending Instrument Code

IIC

Modality

PCG (Partial Credit Guarantee)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 75,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 75,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-454277480-7880

Project Abstract

Hipotecaria Nacional - Credit Guarantee for Mortgage-Backed Security [416831].PDF

Dec. 31, 1999

English

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