Consubanco Talks ABS Price

Price talk for Consubanco’s MXP1bn ($76m) domestic ABS is TIIE+180bp-200bp area, according to people familiar with the deal. The Mexican bank is selling 5-year floating-rate bonds securitized by payroll deduction loans. Pricing is expected November 15, after the issuer had initially considered pricing this week. The lender plans to use proceeds for general corporate purposes. Scotiabank is managing the deal, rated AAA on a national scale. In May, it sold MXP600m in its domestic bond market debut, getting a TIIE+300bp level on a 2015 bond.