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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

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 75,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 75,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1555/OC-ME Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Guarantee Financial Instrument
Operation Number 1555/OC-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Guarantee Financial Instrument

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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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