Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Mexico
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: Approved
Bank Risk Rating: B
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.
Board Decision Date: 2017-12-21
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 or Client: Vinte Viviendas Integrales S.A.B. de C.V. ("Vinte")
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Construction
Investment Type(s): Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 13.13 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported MX$250 million Mexican Pesos
Converted using 2017-12-11 exchange rate.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2018-01-16
Disclosure Date: 2017-11-17
Vinte IV
IIC-11307-05

Project Description
IIC SCOPE OBJECTIVE: The proposed operations seeks to improve the rating of a bond issue in the Mexican Stock Exchange. See the original disclosure for IIC's Environmental and Social Review.
Investment Description
The proposed operations with Vinte consists of a partial credit guarantee for up to MX$250 million Mexican Pesos in order to improve the rating of a bond issue in the Mexican Stock Exchange. The tenor of the bond and the PCG will be up to ten years.
Private Actors
Vinte is a holding company whose subsidiaries develop, promote, design, build, sell, and—in some cases—equip low-income, middle-income, and middle-class (“Residencial”) housing. The company operates in several Mexican states.
Contact Information
Client Contact name: Gonzalo Pizzuto Aznar Title: Coordinador de Finanzas Phone number: +52 (55) 9171-2008 email address: gonzalo.pizzuto@vinte.com ACCOUNTABILITY MECHANISM OF IIC The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).