International Ecuadorian Mortgage Backed Securities (DFC-INTLECUADORIANMORT)

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.
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.
Borrower
International Ecuadorian Mortgage Backed Securities
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee, Loan
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.
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 Aug 2, 2019

Disclosed by Bank Jun 10, 2019


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Project Description

The project is 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)

Proposed OPIC Loan/Guaranty: USD150 Million

Contact Information

No contact information provided at the time of disclosure.