PROJECT

Projects

Summary of Investment Information

Project Number

35685

Company Name

La Hipotecaria (Holding) Inc

Date SPI Disclosed

Dec 10, 2014

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Jan 12, 2015

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jul 14, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Feb 5, 2015
Signed : May 15, 2015
Invested : Nov 6, 2015

Sector

Primary Mortgage Institutions

Project Description

The proposed project will provide Banco La Hipotecaria, S.A. (“LH Panama”) in Panama, La Hipotecaria, S.A. de C.V. (“LH ES’) in El Salvador and La Hipotecaria Compania de Financiamiento, S.A. in Colombia (“LHCF”), co-borrowed/guaranteed by La Hipotecaria Holding Inc. (“LH Holding”), (together “LH”) with a Regional Housing Finance Facility (the “RHF” or the “Facility”) of up to US$30 million. The proposed Facility will have two components (i) a U.S. dollar denominated revolving warehouse credit line (“WHL”); and (ii) an IFC subscription to a local-currency bond issued by LHCF in Colombia. The Project will fund and support LH’s existing low to middle income mortgage lending operations in Panama, El Salvador, and Colombia.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation