Unifin To Sell MXP ABS

Mexico’s Unifin Financiera is preparing to issue up to MXP800m ($59m) in asset-backed bonds in the domestic market. This amount represents an increase from the originally planned MXP400m. The 5-year floater will pay a spread over TIIE. Pricing is expected at the end of November. IXE is leading the transaction, rated AAA on a national scale. It last raised MXP300m 5-year bonds in the domestic market in June 2010.