Infonavit Readies New RMBS

Infonavit Readies New RMBS

Structured Finance

Mexico's federal housing fund Infonavit plans to sell about MXP3.5bn worth of RMBS at the end of August, José de Jesus Gómez, a director at the mortgage lender, tells LatinFinance. The UDI-denominated offering will add to a modest pipeline of mortgage-backed paper that is building despite hostile market conditions. Last week BBVA Bancomer landed a record MXP4.83bn RMBS issue, rekindling hopes for a market has struggled in the face of sub-prime concerns and rising local inflation and interest rat

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