Unifin ABS Maintains Price Level

Mexico’s Unifin Financiera has priced a MXP1bn ($76m) domestic ABS, according to people familiar with the deal. The 5-year bonds pay TIIE+160bp, matching the pricing Unifin got on its previous transaction in the program. Banamex and Banorte-Ixe managed the floating rate note, backed by credit receivables for automobile and equipment contracts and rated AAA on a national scale. The price matches the TIIE+160bp level it got on a MXP1bn 2017 sold in May.