Unifin Preps MXP ABS

Mexico’s Unifin Financiera is preparing to issue up to MXP1bn ($76m) in domestic asset-backed bonds next week, with a preliminary pricing date of May 2. Unifin had originally been considering a sale this week of the 2017 floating-rate bonds. 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 through a 2016 ABS in November, pricing at the TIIE+165bp.