Infonavit Preps $200m RMBS

Mexico’s state-owned mortgage lender Infonavit is planning a $200m-$250m UDI-denominated issuance of Cedevis residential mortgage-backed securities on the local market. The timing of the sale has not been set, but is expected in early October, Miguel Angel Hernandez, Infonavit’s IR officer, tells LatinFinance. The issue follows Infonavit’s July issuance of MXP2.7bn in Cedevis, its biggest ever RMBS and among the largest in LatAm. Su Casita, a private Sofol, is also heard to be considering a domestic RMBS of up to $300m.