IMS Ecuadorian Mortgage Backed Securities (2019-1) (DFC-2019-IMSECUADORIAN)

Countries
  • Ecuador
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
International Ecuadorian Mortgage Backed Securities
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 205.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 22, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

A securitization of mortgages in the U.S. capital markets that will generate significant liquidity to provide mortgage loans needed to bridge an approximate 400,000-unit affordable housing gap in Ecuador.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

The "Contact Information" was not available at the moment of the snapshot.