Infonavit Sells MXP2.59bn RMBS

Infonavit Sells MXP2.59bn RMBS

Structured Finance

Mexican lender Infonavit has sold MXP2.59bn in 2031 RMBS, in only Mexico’s third such transaction of the year. The lender priced the single-tranche issue denominated in UDIs at a fixed-rate of 5.70%, or UDIbonos plus 230bp. The book reached MXP4.2bn, says a banker managing the sale. The issue has an expected maturity of 9.8 years and average life of 5.3 years. As with the two previous deals – a MXP2bn issue from Infonavit in May and a MXP3.5bn June issue from Fovissste – the issuer used a single

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