Sicrea Plans ABS Retap

Sicrea Plans ABS Retap

Structured Finance

Sistema de Credito Automotriz (Sicrea) plans a MXP450m ($34m) reopening of its 2017 domestic bonds backed by trade receivables, and is eyeing an October 14 pricing date. Sicrea priced MXP1bn of the 2017 bonds at TIIE+160bp, and returned for a MXP300m

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