Infonavit Mezzanine Finance Facility

This facility will support Infonavit's lower income residential origination efforts by providing credit-enhancements to its mortgage-backed security program . The IDB facility will support Infonavit's issuances for an amount of up to the equivalent of US$185 million Dollars in Mexican Pesos for a three-year period and is expected to play a catalytical role in attracting investors to Infonavit's mortgage-backed security program.

Project Detail

Country

Mexico

Project Number

ME-L1062

Approval Date

November 25, 2008

Project Status

Implementation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Lending Instrument Code

Modality

Facility

Facility Type

PSF (Private Sector Facility)

Environmental and Social Impact Category (ESIC)

Total Cost

USD 186,930,215.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 186,930,215.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-127051193-4211

Project Abstract

Infonavit RMBS Mezzanine Loan [1740805].PDF

Dec. 31, 1999

English

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