Fovissste Schedules RMBS Sequel

Fovissste Schedules RMBS Sequel

Structured Finance

Mexico’s Fovissste will sell MXP4bn in RMBS in a follow up to its debut June transaction, according to regulatory documents. As with its previous MXP3.5bn issue, the sale will consist of a single 2039 UDI-denominated tranche, paying a fixed interest rate. The points to a sale date of August 18, though bankers on the sale note the bond could come later than that, depending on market conditions and the regulatory process. The mortgage lender’s previous bond priced at a fixed 5.31%, or UDIbonos plu

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