Infonavit Eyes Repeat Performance on RMBS

Infonavit Eyes Repeat Performance on RMBS

Mexico Bonds Structured Finance

Mexico’s Infonavit is looking to pay 4.45% on a planned UDI-denominated RMBS sale of up to MXP5.65bn ($417m) in size, with pricing scheduled for February 8. “There haven’t been changes in the UDIbono rate, so we’d like to price at a similar rate to the last transaction,” says a person familiar with the process. A 4.45% coupon on the 2040 bond would match that of Infonavit’s last bond in December, a MXP1.1bn 2039 that priced at UDIbonos plus 264bp, locking in the lender’s lowest coupon for the ye

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