Unifin Prices MXP ABS

Mexico’s Unifin Financiera has raised MXP800m ($59m) in asset-backed bonds in the domestic bond market. This amount represents an increase from the originally planned MXP400m size. The 2016 floater pays the TIIE+165bp, inside of 170bp-180bp price talk. The bonds are backed by credit receivables for automobile and equipment leasing contracts. IXE managed the transaction, rated AAA on a national scale. Unifin last issued an MXP400m 5-year bond at TIIE+160bp in February.