May 10, 2007
Mexican Sofol Metrofinanciera is heard to be preparing a $100m equivalent i
Mexican Sofol Metrofinanciera is heard to be preparing a $100m equivalent issue of UDI-denominated RMBS for the week of May 24. The deal is directed at local investors, but will have an American depository note that will allow US investors to participate as well. The notes, which are backed by 3,227 mortgage loans, are rated BBB+ by Fitch. Mexico's Banco IXE is leading the deal. Also heard in the pipeline are larger RMBS offerings from Banamex and Bancomer in the $200-$300m range.