Unifin Preps Domestic ABS

Mexico’s Unifin Financiera is preparing to sell up to MXP800m ($61m) in asset-backed bonds in the domestic market next month. This amount represents an increase from the originally planned MXP400m. The 5-year floater will pay a spread over TIIE. Pricing is expected November 8. IXE is leading the transaction, rated AAA on a national scale. It last issued a MXP300m 5-year in June 2010.