Banco Inmobiliario Mexicano Sustainable Dwellings Covered

approved

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.