April 10, 2017 |
Grupo Frisa priced a 15-year MXN1bn ($53.5m) commercial mortgage-backed security (CMBS) at 280bp over Mbono, LatinFinance understands.
Actinver and Banorte-IXE priced the paper against a 9.87% fixed coupon and took orders from local pension funds, or afores, along with banks, insurance companies and private pension funds, a local banker said.
The notes come backed by a number of lease contracts from Frisa’s commercial properties, he added.
Fitch and HR Ratings both rated the issue AAA on a lo
Mexican property manager prints $54m in local currency asset-backed securities