Metrofinanciera Says Places First MXP RMBS

Mexico’s Metrofinanciera has priced MXP750m in 2038 RMBS at TIIE plus 250bp. The deal marks its first collateral-based bond done in pesos rather than the UDI inflation-linked unit, says an executive close to the deal. A pool of more than 2,500 of Metrofinanciera’s own mortgages backs the bonds. They also feature a partial guarantee from SHF. Deutsche Bank managed the sale, rated mxAAA. The Sofol is also heard preparing an UDI-denominated construction loan securitization.