Unifin Lands Inside Expectations

Mexico’s Unifin Financiera has raised MXP1bn ($76m) in the domestic bond market. The 2-year floating-rate bond priced at TIIE+225bp, inside of TIIE+240bp price talk. The deal was 1.4x oversubscribed with a good mix of investor participation. Proceeds will be used to rollover debt. Ixe and Scotia led the transaction, rated A/A minus/A minus on a national scale.