Mexico’s Infonavit Sets Bond Guidance

Mexico’s Infonavit Sets Bond Guidance

Bonds Structured Finance

Mexico’s Infonavit, which is scheduled to issue an RMBS in the Mexican domestic market today, has set guidance in the area of Udibonos+220bp, according to a banker on the deal. It plans to sell around MXP4.0bn ($343m) in UDI-denominated 2039 RMBS, down from the MXP4.58bn equivalent it had planned earlier. The government-run mortgage lender reduced the size of the sale because not all the mortgages in the portfolio were eligible for securitization. Proceeds from the sale will be used to crea

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