International Mortgage Securitization LLC announces a deal



NEW YORK, June 18, 2021 / PRNewswire / – IMS Ecuador Mortgage Loan 2021-1 Trust, a Columbia region a statutory trust (“Trust”) declares its intention to offer and sell in accordance with market and other terms, USD 132,162,000 certificates (hereinafter “Certificates”). The main assets of the trust will consist of two of the four senior grades of Ecuadorian mortgage-backed securities (“Ecuadorian bonds”) for a total of USD 132,162,000issued by the Ecuadorian Securitization Mortgage Fund. The certificates will be guaranteed on-time interest and final principal by the US Development Finance Corporation, an agency of the US Federal Government (“DFC”). Ecuador’s bond issue consists of four senior classes and one subordinate class of banknotes, backed in total USD 176,216,058 mortgages and cash in Ecuador. International Mortgage Securitization (“IMS”), incorporated in Virginia, is the sponsor and trustee of the United States trust. Banco Pichincha CA is the originator, seller and operator of mortgage loans to the issuer of Ecuadorian notes. The trust is expected to be rated AAAsf by Fitch based on the DFC guarantee.

Certificates will be offered exclusively to qualified institutional purchasers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Act”) in United States and outside United States in accordance with Rule S of the Act.

Certificates have not been and will not be registered under the Law or applicable government securities laws and cannot be offered or sold in United States no registration or applicable exemption from registration requirements of the Act and applicable state laws.

This press release does not constitute an offer to sell or an invitation to an offer to buy, nor is it permitted to sell these securities in any state or jurisdiction in which such an offer, offer or sale is illegal. Any offer of securities will only be made through a private offer circular pursuant to Rule 144A and Regulation S of the Act.

Contact: William Cowden, Managing Member of IMS, [email protected]

Forward-looking statements warnings

This press release contains certain forward-looking statements that the Trust believes are only reasonable for the time being. By their nature, these forward-looking statements involve risk and uncertainty as they relate to future events and circumstances, including but not limited to Ecuador domestic and global economic and business conditions, the impact of continuing volatility in credit markets, market risks such as changes in interest rates and exchange rates, changes in the assessment of credit market exposure, changes in the valuation of bills of exchange issued, government and regulatory authorities’ policies and actions, and other factors beyond the control of the Trust and IMS. Trust warns readers that no forward-looking statements are guarantees of future results and that actual results could differ materially from those contained in the forward-looking statements.

SOURCE IMS Ecuador Mortgage Loan 2021-1 Trust


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