Fovissste Plans Next RMBS

Mexico’s Fovissste plans to raise MXP4.71bn ($367m) through a domestic RMBS sale and is targeting a March 28 pricing, according to regulatory documents. The 2041 bond would be denominated in UDIs and pay a fixed rate. BBVA Bancomer is named as a manager on the sale, rated AAA on a national scale. The government-backed lender got 4.60%, or UDIbonos+283bp, on its last 30-year deal, a MXP4.31bn sale, priced in December.