Unifin to Sell MXP ABS

Mexico’s Unifin Financiera is preparing to issue up to MXP1bn ($76m) in domestic asset-backed bonds on April 24. The 5-year floating rate bonds will pay a spread over TIIE. The bonds are backed by credit receivables for automobile and equipment leasing contracts. Ixe is leading the transaction, rated AAA on a national scale. Unifin last raised MXP800m in 2016 ABS in November, pricing at TIIE+165bp.