Infonavit Brings Private RMBS Placement

Infonavit Brings Private RMBS Placement

Structured Finance

Infoanvit has sold MXP3.65bn in UDI-denominated 2030 RMBS in a private placement, circumventing hostile public market conditions. The federal housing fund priced a MXN1.95bn tranche at 5.4%, and an identical MXP1.7bn tranche that amortizes after the first at 6.61%. The entire amount of Cedevis, as Infonavit’s RMBS are known, was placed with a single institutional investor which Infonavit declined to identify. Infonavit used this type of placement in October 2007, Jesus Gomez, director of the Ced

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