Mexico RMBS Attempts Hito Comeback

Mexico RMBS Attempts Hito Comeback

Structured Finance

Mexican RMBS issuers face extremely challenging borrowing conditions, but some are trying to source liquidity with a structure developed by Hipotecaria Total (HiTo). Erstwhile frequent RMBS issuer Su Casita – which has been shut out of the market for months – is preparing to issue a new note worth around $100m that could carry an average tenor of 7 years, say people familiar with the trade. So far, the so-called “traditional bonhitos” and “macro hitos” have been far smaller in issue size, toppin

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