Hogan Lovells Team Advised Republic of Ecuador in U.S. $327 Million Funding for Casa Para Todos Program
February 01, 2020
February 01, 2020
NEW YORK, Feb. 1 -- Hogan Lovells, a multinational law firm, issued the following news release:
International law firm Hogan Lovells has advised Ecuador in a US$327 million social bond offering for a housing program called the Casa para Todos program, which provides 20- to 25-year mortgages for low- and middle-income borrowers at an annual rate of 4.99%.
This offering is the first social bond offering to be sold by a sovereign issuer in the international market.
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International law firm Hogan Lovells has advised Ecuador in a US$327 million social bond offering for a housing program called the Casa para Todos program, which provides 20- to 25-year mortgages for low- and middle-income borrowers at an annual rate of 4.99%.
This offering is the first social bond offering to be sold by a sovereign issuer in the international market.
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