Infonavit Holds MXP RMBS

Infonavit Holds MXP RMBS

Structured Finance

Mexico’s Infonavit is targeting the end of next week for its sale of MXP4.3bn in RMBS, according to a banker managing the transaction. A deal had been expected this week, the prospectus states. The 2031 UDI-denominated issue is rated AAA on a national scale is similar in structure to the previous 4 it has sold in 2009 – some of the only RMBS issuance able to get done this year in Mexico. Banamex and HSBC are managing the sale. Infonavit has sold MXP8.7bn of its MXP10.0bn target for 2009. Issuanc

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