October 28, 2010
Mexicos Infonavit has raised MXP3.37bn in UDI-denominated RMBS. The g
Mexico’s Infonavit has raised MXP3.37bn in UDI-denominated RMBS. The government-backed mortgage lender’s 2038 bonds pay a 4.15% fixed coupon, or Udibonos plus 295bp. Demand was 2.2x the offer, according to a banker on the deal. HSBC and Santander managed the sale, rated AAA on a national scale. Infonavit has sold MXP13.68bn this year of its mortgage backed bonds, commonly known as Cedevis.