BOGOTÁ (July 31, 2025) – Holland & Knight acted as legal counsel to the Inter-American Investment Corporation (IDB Invest) in the subscription of $80 billion Colombian pesos (approximately US$20 million) as part of a local public offering of Unidad de Valor Real-denominated social mortgage-backed securities in Colombia. The proceeds of this offering are earmarked for the development of affordable housing for low-income communities. The securities are aligned with the Social Bond Principles issued by International Capital Markets Association (ICMA).
This is the first securitization in Colombia, listed on the Colombian Stock Exchange, where a multilateral institution is acting as lead investor. The transaction is a milestone for the securitization of social projects in Colombia, with the participation of multilateral institutions.
Through this transaction, mortgage loans originated by Credifamilia Compañía de Financiamiento S.A. were securitized in Colombia’s Second Market, for a total amount of up to COP$107 billion (approximately US$26.5 million). The securitization was structured by Titularizadora Colombiana S.A., a leader in securitizations in the Colombian market.
Holland & Knight's representation of IDB Invest was led by Partner Camilo Gantiva Hidalgo, with support from Associates Juan Felipe Fontecha Mejía and Camila Vivas Valencia. They were assisted by Partners Enrique Gómez-Pinzón and José Gutiérrez Mestre.