Fovissste Plans RMBS

Mexican mortgage lender Fovissste is preparing a MXP5bn-equivalent domestic RMBS issuance. The 2039 fixed-rate UDI-denominated offer will be the issuer’s third and is expected December 9, according to regulatory documents. Banorte, Ixe and BofA-Merrill Lynch are managing the deal, rated AAA on a national scale, with Goldman Sachs as structuring agent. In September, Fovissste placed MXP4bn-equivalent in 2031 RBMS at 5.39%, or Udibonos plus 272bp, through the same leads.