September 9, 2013
Mexico’s Unifin Financiera is preparing to issue up to MXP1bn ($76m) in 5-y
Mexico’s Unifin Financiera is preparing to issue up to MXP1bn ($76m) in 5-year domestic ABS September 25, according to people familiar with the deal. Banamex and Banorte-Ixe are leading the FRN transaction backed by credit receivables for automobile and equipment contracts. It has not yet been rated, though this type of bond is typically rated AAA on a national scale. Unifin’s last local bond was a MXP1bn 2017 in May, pricing at TIIE+160bp.