Credito Real finishes local MXN ABS

Credito Real finishes local MXN ABS

Bonds Mexico Loans

Credito Real printed MXN800m ($42m) in five-year asset-backed securities (ABSs) in the local Mexican market, according to a securities filing on Mexico's BMV. Bookrunners placed the securities at 225bp over the 28-day TIIE rate, the tighter side of a 225bp to 250bp range, a source familiar with the transaction said. BBVA Bancomer, Banorte-IXE and Santander coordinated the transaction, while Finacity was structuring agent. Retail investors, insurance firms and mutual funds took on the lion's s

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