Company name
Banco Inmobiliario Mexicano
Project number
15362-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Mexico
Sector
Financial Institutions
Status
Proposed
Disclosed date
06/10/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/11/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 40,000,000
Currency
MXN
Project scope and objective
The proposed transaction expects to engage IDB Invest as the main investor in the first secured sustainable bond as issued by Banco Inmobiliario Mexicano, S.A., Institución de Banca Múltiple (“BIM” or the “Bank”) of up to MXN 800 million in Mexico. The bonds will be issued via a private placement and will have a tenor of up to six years, including a maximum revolving period of 42 months. IDB Invest will contribute up to MXN 600 million, whereas the remaining MXN 200 million will be subscribed by other potential investors. The proceeds will be used to expand BIM’s financing exclusively focused on the construction of middle- and low-income families housing, and the possibility of financing green real estate developments aligned with the eligibility criteria of IDB Invest.
Additionally, IDB Invest will offer BIM its technical assistance services to determine the foundations, key products and necessary actions that can lead to positioning the Bank, in the near future, as a leader in the Mexican real estate development and construction sector, especially with value proposals for affordable green housing and logistic centers.
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Contact information
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Client Contact
PHONE NUMBER
+52 800 227 4000
POST OFFICE ADDRESS
Av. Paseo de la Reforma 250, Torre A piso 24, Col. Juárez, Alcaldía Cuauhtémoc, 06600 Ciudad de México
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BIM SUSTAINABLE DWELLINGS COVERED BOND - 15362-01 - EN - ENVIROMENTAL AND SOCIAL REVIEW (ESRS)
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