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Fovissste Brings RMBS Through Guidance

Jul 8, 2010

Mexico’s Fovissste has priced MXP6.00bn in a local UDI-denominated RMBS issue at par to yield 5.04%, or 292bp over Udibonos, according to a banker on it. This was through 5.05%-5.15% fixed real rate guidance and tight to its last issue in...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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