Infonavit Preps Domestic Roadshow

Mexican mortgage and social services entity Infonavit is preparing investor meetings ahead of a MXP3.0bn ($234m) in UDI-denominated domestic RMBS sale expected in late January. The two days of investor meetings for the 28-year bond backed by Infonavit mortgages are expected during the week of January 14, according to sources following the process. Banamex and HSBC are managing the transaction, rated AAA on a national scale. Infonavit – through its Infonavit Total unit – last sold MXP1.97bn in UDI-denominated 2040 RMBS bonds in early June, pricing at 4.20%, via Banamex and Bancomer.