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Infonavit closes Mexico's 2nd true RMBS, Fonacot to return

Mexico's second RMBS closed last week. Government agency Infonavit priced a Ps750.5 million (US$85 million) fixed-rate peso deal at 9.15% (for details on structure, see ASR 2/9, p.23). The spread over the government's seven-year treasuries was 88 basis points, reinforcing the trend of converging rates for straight and structured...

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