Chadbourne & Parke represented FOVISSSTE in the successful placement of its eleventh mortgage loan portfolio securitization, known as TFOVIS, which amounted to US$338 million.

FOVISSSTE is a Mexican governmental entity that operates a financing system that allows state employees to obtain credit by means of a loan with a mortgage guarantee. It has become one of the most dynamic players of the Mexican structured finance market by placing over US$4.44 billion since June 2009. The Issuance received a rating of AAA by Moody’s, Fitch and HR Ratings.

Chadbourne has successfully acted as transaction counsel in all these offerings.

Working for Chadbourne on the deal were Mexico City partners Boris Otto and Alejandro Landa and associate José Carrillo.