December 7, 2011
Mexico’s Infonavit is looking to pay 4.5% on 28-year UDI-denominated RMBS,
Mexico’s Infonavit is looking to pay 4.5% on 28-year UDI-denominated RMBS, scheduled to price Thursday. The state mortgage lender wants to issue up to MXP1.1bn ($82m) in bonds backed by Infonavit mortgages targeted at middle and high-income borrowers. Banamex is managing the sale, rated AAA on a local scale. Infonavit last issued in June, selling MXP3.85bn ($330m) in 2039 bonds with a 4.75% coupon, to yield Udibonos+216bp.