Infonavit Readies RMBS

Infonavit Readies RMBS

Structured Finance

Mexican mortgage lender Infonavit is expected to price Thursday a MXP2.3bn 22-year RMBS, according to bankers managing the transaction. The government-backed issuer will look to open up Mexico’s RMBS market with a single fixed-rate tranche denominated in UDIs, with an average life of 6 years. The AAA rated transaction is playing it safe with a single piece – past Infonavit sales offered twin tranches amortizing one after the other – as it attempts to revive a dormant market. Banamex, HSBC and De

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