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
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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
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12/21/2017

Approval date

01/25/2018

Signed date

08/24/2018

Sponsoring entity

N/A

Team leader

Vera Fabbri, Pablo Marcelo

Investment type

Financing requested

N/A

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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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

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Project images

Vinte IV
Vinte IV
Vinte IV
Vinte IV

Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Gonzalo Pizzuto Aznar

POSITION

Coordinador de Finanzas

PHONE NUMBER

+52 (55) 9171-2008

EMAIL

gonzalo.pizzuto@vinte.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices