Bancomer Plots RMBS Return

Bancomer Plots RMBS Return

Mexico Bonds

Mexico’s BBVA Bancomer plans to sell up to MXP4.5bn ($369m) in domestic RMBS, according to people familiar with the sale. The deal would represent the Mexican local market’s first bank RMBS transaction since 2009, when such issuance was halted by the crisis. Mexican government housing lenders Fovissste and Infonavit have kept the market active during that period. “It is a good sign to see new RMBS bank deals in the market. It may allow for 1-2 more banks to issue this year,” says a Mexico City-b

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