June 18, 2009
Mexican lender Infonavit plans to sell MXP1.17bn in 2031 RMBS on July 2, it
Mexican lender Infonavit plans to sell MXP1.17bn in 2031 RMBS on July 2, it says in a securities filing. The deal rated AAA on a national scale will be denominated in UDIs and backed by 36,000 Infonavit credits. The government institution has been single-handedly keeping the Mexican RMBS market alive this year, having issued a similar MXP2bn 2031 UDI deal, which priced in May at 5.65%, or UDIbonos plus 228bp. Banamex and Deutsche Bank are managing the sale, with HSBC as co-manager.