Su Casita to Retap Bridge Loan Bonds

Mexican mortgage lender Su Casita plans to sell MXP500m in 2014 bonds backed by construction bridge loans. The deal is be a retap of a MXP1.2bn offering in March. It will add MXP425m to a MXP1.13bn tranche which priced in March at TIIE plus 120bp, and MXP75m to a MXP197m subordinated tranche, also done in March at TIIE plus 160bp. Proceeds will fund Su Casita’s mortgage loan business. Ixe, bookrunner on the original, is managing the new sale, expected this month.