📋 Tender Overview
COMPANY NAME
Securitization Company of Colombia SA
PROJECT NUMBER
14563-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S CATEGORY tooltip
FI-3
COUNTRY: Colombia
SECTOR:Financial Institutions
STATUS: Proposed
DISCLOSED DATE
01/02/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
02/21/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Financial Institutions Division
INVESTMENT TYPE
Not Specified
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 19,141,300
CURRENCY
COP
Project scope and objective
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.
