Hito Brings RMBS

Mexican mortgage lender Hipotecaria Total has sold MXP2.52bn-equivalent in UDI-denominated 2025 RMBS, backed by credits from government lender Infonavit. The bonds have an average life of 5.29 years and priced at 99.822 with a 5.400% coupon to yield 5.430%. The issuance is backed by 16,208 Infonavit credits, and follows a similar MXP3bn transaction done in November with credits from government lender Fovissste. Intercam managed the sale, rated AAA on a national scale. Hito has issued more than MXP7bn in RMBS this year.