IDB Invest backs mortgage bonds in Trinidad

IDB Invest backs mortgage bonds in Trinidad

Bonds Capital Markets Corporate & Sovereign Strategy Fixed Income Debt Loans Costa Rica Trinidad & Tobago Central America Caribbean

IDB Invest said it has provided a partial credit guarantee for a mortgage-backed security by the Trinidad and Tobago Mortgage Finance Company (TTMF). The multilateral lender covered 30%, or TTD120m ($17.7m), of TTD400m in five-year mortgage bonds from TTMF.  TTMF requested a guarantee for up to TTD203m in March last year to support a TTD670m bond issue. The mortgage lender eventually sold TTD400m in notes on December 28, according to IDB Invest. TTMF does not take deposits, so it relies on bo

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