Government of Ecuador

Ecuador Social Bond

Borrower (s)
Government of Ecuador
Industry
Infrastructure/Social housing
Area of finance
Project & Infrastructure Finance
Country
Ecuador

Deal Overview

Ecuador has issued a Sovereign Social Bond in the international market for $400 million, becoming the first country in the world to make this type of placement.The issuance will serve to boost the government program Casa para Todos, providing access to decent and affordable housing for more than...

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Ecuador has issued a Sovereign Social Bond in the international market for $400 million, becoming the first country in the world to make this type of placement.

The issuance will serve to boost the government program Casa para Todos, providing access to decent and affordable housing for more than 24,000 medium- or low-income families.

The bonds proceeds will be used to provide mortgage loans at a preferential interest rate of 4.99% through the Ecuadorian financial system and a securitization scheme. The beneficiaries of these loans will be low or middle-income individuals who seek to acquire their first and only home.

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Deal Volume
$ 400m
Financial Close
30 January 2020
Sources
Submitted by participant(s), Press release, Press release

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Tranches


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Projects

Casa para Todos

Greenfield
Social housing
Ecuador
$ 1.35bn