Infonavit Seeks Sub-4% Pricing

Infonavit Seeks Sub-4% Pricing

Mexico Bonds

Mexican mortgage and social services entity Infonavit is heard looking to price up to MXP3.167bn ($236m) in a 28-year UDI-denominated RMBS at under 4.00%. “There is a lot of appetite on behalf of investors and space in their balance sheet for participation,” says a person familiar with the deal. Pricing is scheduled for January 31. The proceeds will be used for making new mortgage loans according to Infonavit’s financial plans for 2013. Banamex and HSBC are managing the transaction, rated AAA on

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