Company name
Trinidad and Tobago Mortgage Finance Company Ltd. ("TTMF")
Project number
14232-01
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

Trinidad and Tobago
Sector

Financial Institutions
Status
In implementation
Disclosed date
10/20/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/13/2022
Approval date
12/13/2022
Signed date
12/29/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 81,364,600
Currency
TTD
Project scope and objective
The project consists of a warehousing facility for up to TTD300 million Trinidadian Dollars (“TTD”), equivalent to approximately US$44 million and for up to nine years, to promote affordable residential mortgage financing in Trinidad and Tobago. The transaction features a potential exit to local capital market in the form of mortgage-backed security.
The use of funds will support TTMF focus on providing affordable residential mortgage financing in Trinidad and Tobago. As a non-deposit taking institution, TTMF relies primarily on intermediate tenor loans and debt capital markets instruments to fund its lending operations.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
lwalker@ttmf-mortgages.com
PHONE NUMBER
868-623-6112
POST OFFICE ADDRESS
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 OfficesFor 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.
TTMF - RESIDENTIAL WAREHOUSING FACILITY - 14232-01- ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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