Fovissste Brings RMBS Through Guidance

Fovissste Brings RMBS Through Guidance

Structured Finance

Mexico’s Fovissste has priced MXP6.00bn in a local UDI-denominated RMBS issue at par to yield 5.04%, or 292bp over Udibonos, according to a banker on it. This was through 5.05%-5.15% fixed real rate guidance and tight to its last issue in March. The transaction was heard 1.2x subscribed and bankers on the deal say it attracted some new Afore investors to the credit. The UDI-denominated 2039 bonds have an average life of around 5 years and are rated AAA on a national scale by all 4 agencies

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial