Infonavit Caps Tough Year for Mexico RMBS

Infonavit Caps Tough Year for Mexico RMBS

Structured Finance

Mexican lender Infonavit has sold MXP2.16bn in 2030 UDI-denominated RMBS, its final transaction in a challenging year for mortgage-backed issuers. The deal was split into 2 equal tranches which amortize one after the other, pricing at 5.55% and 6.25%, respectively. The transaction was marketed openly but placed entirely with a single Mexican financial institution, Jose de Jesus Gomez, director of Infonavit’s RMBS program, tells LatinFinance, declining to name the buyer. “The most important thi

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