Su Casita Readies RMBS

Su Casita Readies RMBS

Structured Finance

Su Casita aims to place MXP1.65bn in 2035 RMBS as soon as Thursday. The Mexican mortgage lender plans to use the time-tranching structure seen in its other deals this year. The issue will be split into two equal tranches that amortize one after the other. To get it done in this difficult market, Su Casita is making use of a partial guarantee from FMO of the Netherlands, the first time it as used such a guarantee in at least a year. The issue is rated AAA on a national scale and HSBC is managing

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