Fovissste Sets RMBS Date

Mexican government housing agency Fovissste has set a August 17 pricing date for an up to MXP4.2bn ($357m) equivalent UDI-denominated RMBS, according to a banker on the deal. Proceeds from the 2040 bond will be used to originate mortgages. BBVA Bancomer, Bank of American Merrill Lynch, IXE, Banorte are bookrunners. The bonds are rated AAA.