Interjet Lands Domestic ABS

Mexico’s Interjet has sold MXP1bn ($77m) in asset-backed bonds in the domestic market. The 2017 bond with a 2.5-year average life is backed by credit card receivables from airline ticket purchases. It pays TIIE+270bp, landing at the wide end of TIIE+250bp-270bp expected range. Bank of America Merrill Lynch led the transaction, rated AA minus on a national scale.