Infonavit Places RMBS

Infonavit Places RMBS

Structured Finance

Mexico’s Infonavit has raised MXP4.2bn from its second domestic RMBS sale of the year. The government-owned mortgage lender priced a MXP2.1bn 2038 tranche denominated in the UDI inflation-linked unit at 3.9%, or Udibonos plus 254bp. A tranche of the same size that amortizes after the first came in at 5.05%, or Udibonos plus 240bp. Total demand for the deal rated AAA on a national scale was about 1.6x, a banker on the deal says. Banamex and HSBC managed the sale. Infonavit raised MXP4.93bn i

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