Scotia Set for Mexican RMBS Sale

Scotiabank Inverlat plans to sell MXP2.5bn in 2028 RBMS today. The notes are expected to price at 8.95%, according to a report from S&P, which gives the deal a AAA national-scale rating. The issue is the first from a MXP10bn shelf. The pool of 2,750 mortgages originated by Scotia comes from throughout Mexico, with just over a third from DF. Scotia’s own capital markets group is managing the sale.