| Project Detail |
The proposed Project consists of providing a loan in the form of a private debt placement
with Vinte Viviendas Integrales S.A.B. de C.V. (“Vinte” or the “Sponsor”). The Project Sponsor,
through the issuance of a bond under its Vinte Sustainable Bond Framework for NADBank
Investments (the “VSB Framework”), will fund the construction of approximately 720
efficient homes within the 186-mile area located south of the U.S.-Mexico border. The housing
developments of the proposed Project will achieve at least the EDGE certification with an
annual 20% reduction in energy consumption, an annual 20% reduction in water use and a
20% reduction in embodied carbon in construction materials.
5 Benefits will be created by
implementing a combination of energy and water conservation measures, including energyefficient lighting (LED) and efficient, low-flow sinks, showers and toilets.
The Project falls within the eligible category of sustainable buildings.
The Project will be implemented in some of the major cities of the Mexican border states,
where the Sponsor has planned to develop its portfolio, mainly in the metropolitan areas of
Monterrey, Nuevo León, and Tijuana, Baja California, as shown in Figure 1. |
