Infonavit Builds its Largest RMBS

Infonavit Builds its Largest RMBS

Mexico Bonds Structured Finance

Mexico’s Infonavit sold MXP4.973bn ($391m) of RMBS Wednesday, marking its largest ever issue of this kind in the domestic markets. The state mortgage lender issued a UDI-denominated 28-year bond with 6.2 year average life that priced at 4.50% or 280bp over the government’s UDIbonos, falling in line with 4.45% area price talk. The transaction was heard 1.41x oversubscribed after over 70 accounts participated, including private banking, insurance companies, investment funds, pension funds and bank

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial