October 30, 2012
Mexican government housing lender Fovissste is looking at Udibono+270bp-are
Mexican government housing lender Fovissste is looking at Udibono+270bp-area pricing for an up to MXP5bn ($382m) RMBS sale scheduled to price today, according a person familiar with the transaction. The deal has a 30-year maturity, and is backed by the agency's mortgages. BBVA Bancomer, Banorte-Ixe and Santander are managing the sale, rated AAA on a national scale. The government-backed lender last visited the market in August, raising MXP4.8bn in 2042 notes paying 3.85%.