Fovissste Preps Next Issuance

Mexican government housing lender Fovissste plans to raise MXP4.8bn ($370m) through a domestic RMBS sale, and is targeting an August 29 pricing, according to a regulatory filing. The 2042 bond would be denominated in UDIs and pay a fixed rate. BBVA Bancomer, Banorte-IXE and Santander are managing the sale, rated AAA on a national scale. The government-backed lender last visited the market in June, raising MXP5.20bn in 2042 notes paying 4.30%.