IDB Invest assists ABSs in Chile

IDB Invest assists ABSs in Chile

Bonds Capital Markets Asset Management Social Bonds Structured Finance Chile Mexico United States

IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said it has provided a $40 million credit line to Chilean investment management firm Sartor Finance Group to support the sale of asset-backed securities (ABSs). Sartor will use the six-year warehouse facility to acquire mortgage loans from the home loans division of local insurance company AVLA and sell them as securities in Chile's bond market, according to IDB Invest. The line of credit is expected to improve access to fund

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