First issuance under Citibanamex guarantee facility

Inaugural issuance under $150 million facility supports bond from Viviendas Integrale

MEXICO CITY, Mexico – The Inter-American Development Bank (IDB) supported a MXP200 million ($15 million) bond issuance by Viviendas Integrales S.A.P.I. de C.V. (VINTE) today through a partial credit guarantee. This is the first usage and first issuance under the $150 million Citibanamex Capital Markets Guarantee Facility recently approved in May 2012.

This unique transaction will raise funding and increase debt tenors for VINTE—a medium-sized real estate company focused on providing low- and middle-income housing in Mexico, much of which is retrofit with environmental technologies to reduce the carbon footprints of the residences. The end-beneficiaries of IDB’s partial credit guarantee include up to 25,000 low- and middle-income households over the next five years.

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