October 18, 2021 |
Mexican state-run mortgage lender Fovissste sold MXN10 billion ($491 million) worth of 27.9-year bonds in a deal that 2.28 times oversubscribed in the local market, the local branch of Spanish bank BBVA said in a press release on Thursday.
BBVA was the bookrunner on the bond sale, which priced at a fixed rate of 3.16%, or 75 basis points over Udibono government bonds. The bonds were denominated in UDIs, units of account that adjust for inflation, as part of a MXN20 billion program, according to
Mexican state-run mortgage lender earns $491 mln in the sale of 27.9-year notes