Unifin Preps MXP Bonds

Mexico’s Unifin Financiera is preparing to issue up to MXP1bn ($75m) in 3-year domestic bonds as early as September, according to a regulatory document. Ixe is leading the transaction, rated A/A minus on a national scale. Unifin’s last local bond was a MXP1bn 2017 asset-backed bond in May, pricing at TIIE+160bp. The bonds were backed by credit receivables for automobile and equipment contracts.