Fovissste RMBS prices at its lowest spread since 2009

Fovissste RMBS prices at its lowest spread since 2009

Structured Finance

Mexican lender Fovissste raised MXN6.43bn ($484m) through a 30-year fixed-rate domestic RMBS sale on Wednesday. The bond was priced at 3.5%, equal to 167bp over Udibonos — the lowest spread the government housing lender has paid since its first RMBS

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