Mexican housing finance company Credito y Casa is returning to the peso market with a Ps700 million (US$61 million) deal backed by bridge loans for construction. IXE and Santander Serfin are jointly leading the transaction, which will have a partial guaranty from housing agency Sociedad Hipotecaria Federal (SHF). The last time Credito y Casa tapped the market with a bridge loan deal was in April 2003. Sized at Ps1 billion (US$87 million), that deal carried a liquidity facility from Dutch development bank FMO. As of February, Credito y Casa had total assets of Ps14 billion (US$1.2 billion), ranking as the third largest Sofol, as housing finance companies in Mexico are known.
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