Fovissste Prices RMBS

Mexico’s government housing agency Fovissste has raised MXP5.20bn ($374m) through a domestic RMBS sale. The 2042 bond is denominated in UDIs and pays a fixed rate of 4.30%. BBVA Bancomer and Banorte-IXE managed the sale, rated AAA on a national scale. The lender previously visited the market in March, raising MXP4.06bn in 2041 notes paying 4.65%.