Company name
Titularizadora de Colombia S.A.
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
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
02/03/2025
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 $ 18,583,500
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.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
asalcedo@titularizadora.com
PHONE NUMBER
(57-601) 6183030
POST OFFICE ADDRESS
Calle 72 7 64 OF 401 / Bogota - Colombia
IDB Invest Contact
requestinformation@idbinvest.org
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 mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org 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.
For inquiries, comments and information requests about the project
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.
TITULARIZADORA - 14563-01– CO ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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