IDB Invest funds home loans in T&T

IDB Invest funds home loans in T&T

Loans Capital Markets Debt Regulation Trinidad & Tobago Caribbean United States

IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said it has granted a TTD250 million ($36.8 million) loan for Home Mortgage Bank (HMB) to expand the secondary mortgage market in Trinidad and Tobago. RBC Caribbean, the regional branch of Canadian lender RBC, also participated in the five-year loan, IDB Invest said in a press release on Tuesday. The deal is designed to support loans for middle- and lower middle-income homebuyers and contribute to the growth of

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