Fovissste Raises RMBS

Fovissste Raises RMBS

Mexico Bonds Structured Finance

Mexican government housing lender Fovissste has raised MXP5.45bn ($413m) through a domestic RMBS sale, according to people familiar with the transaction. The 2043 UDI-denominated bond priced at 3.74%, or Udibonos+190bp, in line with 180bp-190bp indications. Demand topped 1.49x. The Mexican government-backed housing lender’s bonds come with a 23.2% partial guarantee from Mexico’s Sociedad Hipotecaria Federal (SHF). Proceeds from the sale will fund Fovissste’s lending. Actinver, Banorte-Ixe, and C

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