Mexico RMBS Set for Next Week

Mexico RMBS Set for Next Week

Structured Finance

Mexico’s Fovissste plans to sell MXP4.5bn in domestic UDI-denominated RMBS September 29. It is set to be the government-owned lender’s third RMBS deal of the year. The proceeds from the UDI-denominated 2040 bonds will be used to make new loans. Banorte, Ixe and Bank of America Merrill Lynch are managing the sale, with Goldman Sachs as structuring agent. The bonds will be rated AAA on a national scale. Fovissste last came to the domestic market at the beginning of July when it priced MX

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