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Ixe Capital Markets Guarantee Facility
Under the proposed 3-year CNGF1, IDB will provide PCGs in respect of issues by eligible Mexican private corporations, including fianncial institutions or SPVs issuing corporate and/or asset-backed fixed-income securities placed by IXE in the local capital markets of Mexico. It is anticipated that the corporate or structured bonds, benifiting form an IDB PCG would be placed by means of public offerings, though private placement offerings could be undertaken. The program would make available an aggregate IDB amount up to 450 million UDIs2 (equivalent to approximately US$181 million as of August 1, 2008). Issuers under the CMGF could be first-time issuers in the market and/or issuers with limited access to debt tenors beyond 1 to 3 years without the support of an IDB credit enhancement.

Project Detail

Country

Mexico

Project Number

ME-L1038

Approval Date

September 3, 2008

Project Status

Closed

Project Type

Guarantee

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 351,117,635.00

Country Counterpart Financing

USD 175,558,818.00

Original Amount Approved

USD 175,558,817.00

Financial Information

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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2086965020-10153
Environmental and Social Management Reports
IXE Capital Market Guarantee Facility [35360273].DOCX
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-712430086-10140
Environmental and Social Strategies
IXE Capital Market Guarantee Facility [35360276].DOCX
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-712430086-3800
Project Abstract
IXE Capital Markets Guarantee Facility [1489849].PDF
Dec. 31, 1999
English

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