HITO Hits the Road

Mexico’s Hipotecaria Total is on a roadshow this week for a MXP2bn-MXP3bn RMBS deal via HSBC, says a banker on it. The mortgage provider’s roadshow began yesterday and will close today, only visiting investors in Mexico City. HITO is looking to issue the week of April 11, adds the banker. The 2027 bonds have an average life of 7 years and proceeds will be used to increase its lending portfolio. The deal is rated AAA on a national scale.