Bancomer to Try Again with Jumbo RMBS

Bancomer to Try Again with Jumbo RMBS

Structured Finance

BBVA Bancomer plans to sell MXP4.83bn in 2033 RMBS as soon as Wednesday. If sold at the full amount – unlikely, given the volatile nature of the market – it would mark the largest Mexican RMBS offering to date, according to S&P, which rates the transaction AAA on a national scale. The offer will be denominated in the UDI inflation-linked unit and consist of two equal tranches that amortize one after the other. The notes are backed by a pool of 9,000 of Bancomer’s own mortgage loans. The bank’s o

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial