On March 29th a new issuance of fiduciary stock certificates for a total amount of $500 million pesos was made as part of the securitization of AB&C Leasing leases under a program for $2 billion pesos. Kuri Breña, Sánchez Ugarte and Aznar acted as legal advisor on the transaction.
AB&C Leasing is one of the largest participants in the Mexican leasing market of vehicles and has made several issues of this kind over the last few years.
The fiduciary stock certificates were rated AAA by Standard & Poor’s and HR Ratings Mexico.
In the transaction, CI Banco acted as fiduciary and Interacciones Casa de Bolsa acted as placement agent.
Advisors to AB&C Leasing
Kuri Breña, Sánchez Ugarte y Aznar, S.C.
Partners: Daniel Kuri Breña Romero de Terreros and Álvaro Sarmiento Lapiedra.
Associates: José Alejandro Casas, Roberto De la Vega.