Mexican ABS Pipeline Grows

Mexican ABS Pipeline Grows

Structured Finance

Mexican mortgage lender Metrofinanciera is preparing a peso-denominated $100m-equivalent Reg S/144a 5-year RMBS. Pricing is expected December 11. An A series of up to MXP858m and subordinated B series of up to MXP141m will pay interest over TIIE. The issue is rated mxAAA by S&P. Deutsche Bank and Ixe are leading the global and local portions, respectively. Separately, BBVA Bancomer has registered to sell up to MXP20bn in MBS from a 5-year program. The sale will be managed by its own brokerage un

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial