FHipo trims latest RMBS

FHipo trims latest RMBS

Mexico Bonds Structured Finance

FHipo has priced a MXN900m ($46.8m) residential mortgage-backed security in the local capital markets, downsizing the transaction on account of higher pricing, LatinFinance has heard. The 35-year note priced with an interest rate of 8.78%, or 170bp over Mbono, bankers in Mexico City said.FHipo initially outlined a MXN3bn bond sale and received enough investor demand to print the full amount but it would have paid a wider spread on the larger transaction, sources said."The Mbono spreads have gone

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