Su Casita Makes It Four

Mexican mortgage lender Hipotecaria Su Casita has placed around $70 million worth of mortgage-backed securities (MBS), known in the local market as BORHIS. The paper, denominated in inflation-indexed investment units (UDIs), was issued in two series. This is the fourth offering so far this year by Su Casita, the largest home finance company in Mexico, which was planning to raise around $400 million this year via securitization issues. It sold $95 million-worth of MBS in August, $100 million-worth in June and $48.5 million worth in April.