| Project Detail |
The project consists of subscribing a securitization program for social housing loans, which will establish a new business relationship with Titularizadora Colombiana S.A. (“Titularizadora Colombiana”). The issuance of the securities will be carried out through Asset-Backed Securities (“ABS”) backed by social interest housing (VIS) and priority interest housing (VIP) mortgage portfolios originated by Credifamilia in Colombia. The amount of the securitization program is up to COP300 billion, and IDB Invest will participate as an investor in the first issuance of the program by subscribing one of the senior titles to be issued in the secondary market in Colombia, for an amount of up to COP80 billion. Additionally, Titularizadora Colombiana and Credifamilia will subscribe to the remaining securities issued in the first tranche. |
