Su Casita Prices MXP1.8bn RMBS

Su Casita Prices MXP1.8bn RMBS

Structured Finance

Mexican mortgage lender Su Casita has priced a MXP1.8bn RMBS in three tranches due 2034. An MXP857m A1 tranche priced at 9.12%, a MXP746m A2 tranche at 9.50% and a MXP223m B tranche at 11.80%. The offering is the second from a MXP10bn program and follows a MXP3bn transaction in October. The timing of the remaining issues will depend on market conditions, a finance official at Su Casita tells LatinFinance. The issuer intends to reduce the frequency and increase the size of its RMBS offerings in 2

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