Infonavit RMBS Expected at Low End

Infonavit RMBS Expected at Low End

Structured Finance

Mexican mortgage lender Infonavit plans to sell up to MXP3.53bn in 2030 RMBS Wednesday, with the deal heard coming in at between MXP2.0bn and MXP2.5bn in size. The issue is denominated in the UDI inflation-linked unit and will be divided into two roughly equal tranches that amortize one after the other. The bonds are backed by a pool of 24,000 mortgages. The sale, rated AAA on a national scale, is the third from a MXP15bn shelf. Banamex and Deutsche Bank are managing the transaction, with HSBC a

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