Infonavit RMBS Falls Flat

Infonavit RMBS Falls Flat

Structured Finance

Mexican mortgage lender Infonavit has sold MXP2bn equivalent in 2030 RMBS denominated in the UDI inflation-linked unit, the low end of an expected MXP2bn-MXP3.5bn range. An MXP1.2bn first tranche priced at 4.40%, and a second MXP800m tranche, which amortizes after the first, came at 5.38%. Guidance had not been issued, according to an Infonavit official, as the total amount was still being set as of Tuesday. The amount placed suggests the deal was a flop, but Infonavit nonetheless states that de

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