June 3, 2011
Mexicos Fovissste has set June 7 for the issue of up to MXP3.6bn ($30
Mexico’s Fovissste has set June 7 for the issue of up to MXP3.6bn ($309m) equivalent in UDI-denominated RMBS, according to a banker on the deal. Proceeds from the 2040 bonds will be used to originate mortgages. Bancomer, Bank of America Merrill Lynch, Banorte and BBVA are bookrunners on the deal, which would be the government lender’s first of the year. The bonds are rated AAA on a national scale.