Now Reading: Hogan Lovells represents the Republic of Ecuador on US$500 million housing financing facility
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Hogan Lovells represents the Republic of Ecuador on US$500 million housing financing facility
Hogan Lovells represents the Republic of Ecuador on US$500 million housing financing facility
Houston, Miami – Global law firm Hogan Lovells has represented the Republic of Ecuador in connection with the “International Housing Financing in Ecuador” financing, a sovereign credit facility of US$500 million structured to expand access to affordable and climate-resilient housing for low- and middle-income households.
This landmark transaction was supported by a partial credit guarantee provided by the Inter American Development Bank (IDB), significantly enhancing the risk profile of the operation. The facility was structured under Ecuador’s Sovereign Affordable and Resilient Housing Financing Framework, established to mobilize international capital in support of sustainable housing development and to strengthen the domestic mortgage market.
“Hogan Lovells is proud to have advised on the successful execution of this innovative transaction,” said partner Bruno Ciuffetelli. “It supports Ecuador’s efforts to expand access to mortgage financing, address the national housing deficit, and advance its sustainable development priorities.”
The transaction was financed by a syndicate of international lenders, including Goldman Sachs and Banco Santander, reflecting broad institutional confidence in Ecuador’s housing strategy and policy framework.
The Hogan Lovells deal team was led by partners Bruno Ciuffetelli (IERP, Houston), Jorge Diaz Silveira (IERP, Miami), senior associate Mariana Avendano (M&A, Houston), Visiting International Lawyer Manuel Valdez (M&A, New York).
