Infonavit Plots September RMBS

Infonavit Plots September RMBS

Structured Finance

Fresh off last week’s MXP1.5bn RMBS issue, Infonavit plans to offer a similar -MXP2.0bn sale in early September, Joaquin Escamilla, director of its Cedevis mortgage-backed bond program, tells LatinFinance. Details are still to be finalized, but it is expected to follow the same UDI-denominated single-tranche structure as this month’s placement of MXP1.5bn in 2031 RMBS at a fixed rate of 5.32%. The deal capitalized on residual demand from a MXP2.6bn sale – which was 1.8x subscribed – in July, Esc

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