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Mexico's Casas Beta breaks issuance standstill

Mexican domestic securitizations are returning, albeit slowly. With a Ps400 million (US$35 million) bond, housing developer Casas Beta shattered the issuance paralysis that had gripped the market for all of the second quarter. Placed July 8, the five-year deal priced at 270 basis points over the one-month TIIE benchmark...

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