Mexicans Near Domestic ABS

Mexicans Near Domestic ABS

Mexico Bonds Structured Finance

Mexican auto leasing company Dalton Efectivo Seguros (DES) is scheduled to issue up to MXP300m ($24m) in a domestic ABS bond debut today, to be followed Thursday by Interjet, targeting at least MXP500m, according to people familiar with the borrowers’ plans. The DES bond, the issuer’s first, is backed by receivables on 1,152 auto lease contracts. It features a 2.8-year average life and 4-year final maturity and will offer a spread over the TIIE benchmark. Proceeds will be used for working capita

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