Home / Daily Briefs / 2020 / 9 / IDB Invest funds home loans in T&T

IDB Invest funds home loans in T&T

IDB Invest funds home loans in T&T

December 9, 2020
US-based multilateral lender provides $250 mln for local bank HMB to maintain a secondary mortgage market

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

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial