Mexican Leasing Company Completes ABS

Mexican equipment leasing company Arrendadora y Soluciones de Negocio has raised MXP550m ($44m) through a domestic accounts receivables securitization, according to bankers familiar with the transaction. The 4-year bond priced at TIIE+175bp, and total demand topped MXP596m. BBVA and Scotiabank managed the transaction, rated AAA on a national scale. It was the issuer’s first bond since a MXP300m sale last year, done at TIIE+160bp.