Finacity Facilitates MXN$525 Million IFRS Off-Balance Sheet Securitization for Valores Quimicos, a Subsidiary of CYDSA - Mexico
(firmenpresse) - STAMFORD, CT -- (Marketwired) -- 10/13/16 -- Finacity Corporation ("Finacity") announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Valores Químicos, S.A. de C.V., a subsidiary of CYDSA, S.A.B. de C.V. (BMV: CYDSASA) ("CYDSA"). The transaction allows for up to MXN$525 million in funding of a senior tranche from two Mexican banks and an investment from Finacity Capital Management ("FCM") in an intermediate subordinated note. The securitization has been assigned a local AAA rating by HR Ratings de México, S.A. de C.V. Finacity provided structuring and execution support and is responsible for ongoing program administration and reporting.
CYDSA () (BMV: CYDSASA) is one of Mexico''s largest chemical companies, and through its subsidiaries produces and markets salt, caustic soda, chlorine and refrigerant gases. It also produces electricity and steam in its cogeneration business. CYDSA is based in Monterrey, Mexico, has 20 subsidiaries in 8 cities throughout the country, and exports its products to more than 20 countries.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in approximately 175 countries. For further information, please visit . FCM is a funding vehicle dedicated to delivering access to securitization funding for companies with smaller receivables portfolios, together with selected investments in the junior tranches of larger securitization programs.
Finacity
Antonio Villa
US Tel +1 203 428 3510
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2016 - 06:30 Uhr
Sprache: Deutsch
News-ID 1463518
Anzahl Zeichen: 3011
contact information:
Contact person:
Town:
STAMFORD, CT
Phone:
Kategorie:
Commodity Chemicals
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 261 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Finacity Facilitates MXN$525 Million IFRS Off-Balance Sheet Securitization for Valores Quimicos, a Subsidiary of CYDSA - Mexico
"
steht unter der journalistisch-redaktionellen Verantwortung von
Finacity (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
