Fovissste Prices RMBS

Mexican government housing lender Fovissste has raised MXP4.8bn ($359m) through a domestic RMBS sale. The 2042 bond is denominated in UDIs and pays a fixed rate of 3.85%. BBVA Bancomer, Banorte-IXE and Santander managed 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%.