Infonavit Offers MBS

State-owned agency Infonavit, Mexico’s largest home financing company, has offered $108 million worth of local currency mortgage-backed securities (MBS) at a rate of around 5.8%. According to the company, the offering was 1.6 times oversubscribed, with most demand coming from institutional investors. The non-profit lender said it was planning to issue up to $540 million of MBS this year.