Infonavit Beats Markets with Private Placement

Infonavit Beats Markets with Private Placement

Structured Finance

Mexican mortgage lender Infonavit is planning an approximately MXP4bn private placement of Cedevis RMBS, as an alternative to the largely closed Mexican local markets. A final date for the transaction have not been set, Jesus Gomez, director of the Cedevis program tells LatinFinance, but the aim is to close in the coming weeks, depending on market conditions. “At this point in time the capital markets are very difficult,” says Gomez, who declines to identify the investors with whom the Cedevis w

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