Navix Plots CCD Fund ABS
Dec 20, 2010
Following last week’s closing of a MXP4bn certificado de capital de desarrollo (CCD) transaction, Mexican specialty finance institution Navix is planning to securitize the loans in the CCD trust. The securitization could come as soon as the second year of the 10-year deal, Navix CEO Gonzalo Gil White tells LatinFinance. Additional transactions, for a $100m equivalent minimum, would follow every 12-18 months. The CCD, which will focus only...
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