Aeromexico plans to retap ABS

Aeromexico plans to retap ABS

Structured Finance

Aeromexico is planning to double the size of its 2018 local ABS by raising a further MXN1.5bn ($115m) in a reopening this month, LatinFinance understands. The Mexican airline first sold the four-year bond, which is backed by future flows from credit card payments, in December. Aeromexico now plans to add a further MXN1.5bn to the structure on May 22, a source said. The reopening is expected to have an AA+ rating from HR Ratings, as was the case with the original bond, which pays 200bp over the T

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