Mexican Financials Prepare RMBS Offers

Mexican Financials Prepare RMBS Offers

Structured Finance

A number of Mexican banks are preparing to launch local RMBS transactions in the next couple of months, according to market participants. Mexico's Banamex is heard preparing to launch a $300 million RMBS in the coming several weeks. Bancomer is also expected with a transaction of similar magnitude, and Scotiabank and Santander are considering comparable issues. "Eventually these deals will also include other kinds of securitizations such as auto loans, credit card receivables and consumer loan s

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