Mexican Lenders Eye Local Bond Return

Mexican Lenders Eye Local Bond Return

Structured Finance

Mexican mortgage lender Fovissste is preparing to follow-up a debut June MXP3.5bn RMBS issue with a similarly sized transaction from the same program, according to bankers familiar with the deal. A date has yet to be set, but the sale is expected in the first half of August. Tenor will likely be similar to the 2039 June issue, which featured a 3.8-year average life and 7-year expected maturity. The UDI-denominated bond priced at a fixed 5.31%, or UDIbonos plus 225bp. Fovissste has a MXP20bn shel

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