August 24, 2008
HSBC is aiming to sell MXP1.93bn in a 2028 RMBS this week or next, after in
HSBC is aiming to sell MXP1.93bn in a 2028 RMBS this week or next, after initially preparing to come to market as soon as last Friday. The offering rated AAA on a national scale features a MXP969m tranche and MXP964m piece that amortizes after the first, but is not subordinated. A pool of 2,785 of HSBC mortgage loans backs the bonds. HSBC is managing the transaction. The issue is the third from a MXP10bn shelf, last used in the sale of MXP3.5bn in 2025s in October 2007.