Mexican government-backed mortgage lender, Infonavit, has raised $194.3 million in a mortgage bond sale, The Wall Street Journal reports. The 22-year bonds, which are denominated in inflation-indexed currency units, were sold at a spread of 10 basis points, to yield 5.4%.

The buyers of the bonds were insurance companies, brokerages, pension funds and other institutional investors. Infonavit, which had originally planned to issue $765 million, may sell up to $1.148 billion during 2009.

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