GE Mexican CDO Fundraising Accelerates

GE Mexican CDO Fundraising Accelerates

LatAm CDOs with a less than 12-month duration cropped up for the first time in August and there is now MXP5.7bn outstanding thanks to GE Capital International Mexico, the sole issuer. The most recent CDO, issued September 13, is a MXP100m pool backed by a guarantee from GECC, paying an annual equivalent of 7.66%-7.75%. It is rated MX-1 by Moody's, MxA-1+ by S&P and ABN AMRO is listed as the manager. The 15 pools issued since August carry between 3-month and 6-month maturities, and represent clos

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