Company name
Viviendas Integrales S.A.B. de C.V. (“Vinte”)
Project number
11307-05
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Mexico
Sector
Social Infrastructure
Status
In implementation
Disclosed date
11/17/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/21/2017
Approval date
01/25/2018
Signed date
08/24/2018
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 13,525,100
Currency
MXN
Project scope and objective
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.
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.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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
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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.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
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