October 21, 2009
Mexico’s Infonavit is preparing to sell MXP4.3bn in UDI-denominated RMBS. I
Mexico’s Infonavit is preparing to sell MXP4.3bn in UDI-denominated RMBS. In regulatory documents, the government-owned housing lender indicates it is targeting a November 11 sale. The 2031 issue rated AAA on a national scale is similar in structure to the previous 4 it has sold this year, in some of the only RMBS issuance able to get done this year in Mexico. Banamex and HSBC are managing the sale. Infonavit has thus far sold MXP8.7bn of its MXP10.0bn target for 2009.