Microfinance Focus July 13, 2011: IFC, a member of the World Bank Group, is providing a 50 percent partial credit guarantee for a 100-million peso (about US$8.4 million) bond issue by Mexico’s VINTE Viviendas Integrales to support the company’s growth strategy to build green and affordable housing for low- and middle-income families across Mexico.

VINTE’s bond program will create a presence for the company in the capital debt markets while tapping into longer term funding.  The company’s second bond issue builds on the success of its first-ever bond issue in March 2011, also credit enhanced by IFC.  Both bonds are issued under the company’s new bond program for an authorized amount of up to 1000 million pesos (US$84 million).

VINTE is involved in the business of providing sustainable housing developments for low- and lower-middle income families in Mexico.  It has sold more than 8,500 homes in the last six years.