Infonavit Set for RMBS

Mexican mortgage and social services entity Infonavit is set to price up to MXP3.1bn ($235m) in UDI-denominated RMBS bonds today in the domestic market. The 2041 bond is heard likely to price inside 4%. The proceeds will be used for making new mortgage loans. Banamex and HSBC are managing the transaction, rated AAA on a national scale. Inofinavit last issued MXP1.97bn through the Infonavit Total Unit in 28-year bonds at 4.20% in June 2012.