Crédito Real securitizes loans

Crédito Real securitizes loans

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Loans Structured Finance Mexico

Mexico's Crédito Real said it has placed MXN750 million ($39.2 million) in the local bond market under a consumer loan securitization program.Arranged by BBVA, Santander and Banorte, the five-year notes priced at 215 basis points over the TIIE interbank lending rate, Crédito Real said in a statement. According to Finacity, which acted as the structuring agent on the deal, the new notes priced 10 basis points below the low end of the target range and orders reached 1.2 times the issued amount. Th

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