Finacity Facilitates MXN$800 Million Inaugural Consumer Loan Securitization Program for CREDITO REAL

Oct, 2017 by Finacity

Stamford, CT – October 31, 2017 – Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated and will serve as ongoing Master Servicer for the MXN$800 million inaugural consumer loan securitization program of Crédito Real, S.A. B. de C.V., SOFOM, E.R. (“Crédito Real”). The securitization was placed in the Mexican capital markets with a five-year tenor and is the first issue out of a MXN$10 billion program that will be secured by a portfolio of consumer loans that are deducted from the pensions and retirees of the Mexican Institute of Social Security (“IMSS”). The securitization has been assigned local AAA ratings by Fitch México, S.A. de C.V and HR Ratings de México, S.A. de C.V. Finacity acted as structuring agent and is responsible for ongoing program administration and reporting.

“Finacity’s expertise and guidance was instrumental in helping us achieve an optimal securitization structure with two local AAA ratings that has allowed us to access new long term funding alternatives in the Mexican capital markets. The transaction was very well received by the Mexican capital markets by pricing at the tight end of the range despite difficult market conditions and market volatility. This is a clear testament to the strength of the structure and of Crédito Real as originator. The reporting provided by Finacity gives transparency to the transaction and comfort to the market that someone of the caliber of Finacity is monitoring the portfolio on a daily basis to make sure it is complying with the eligibility criteria and designated levels of collateralization required by the investors and rating agencies.” said Carlos Ochoa, Deputy Chief Executive Officer and Chief Financial Officer. “We’re proud to have been involved in the inaugural securitization program of Crédito Real as it is one of the most important players in the consumer loan market in Mexico” said Finacity Managing Director Antonio Villa.

About Crédito Real

Crédito Real was founded in 1993 and since then it has become one of the leading providers of all types of consumer loans in Mexico with over MXN$26 billion in loans and coverage in Mexico, Central America and the USA. For more information, please visit www.creal.mx.

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity currently facilitates the financing and administration of approximately $100 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries.

For more information, please contact Finacity Corporation:

Antonio Villa, Managing Director
Tel: +1-203-428-3510
Email: avilla@finacity.com

Apr 5, 2024
Finacity Facilitates the Upsize and Renewal of a $250 Million IFRS Off-Balance Sheet Securitization for Votorantim Cimentos North America

Finacity Corporation (“Finacity”), a White Oak Company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc.…

Mar 19, 2024
Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank

Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings…

Feb 22, 2024
Finacity Reaches Record Milestone: $1 Trillion of Trade Receivables Financed Over the Past 5 Years

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than $1 trillion of trade receivables over the past 5 years on behalf…

Jan 3, 2024
Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.5 Billion with a $1 Billion Accordion Feature for Bunge

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of…

Dec 15, 2023
Finacity Facilitates MXN 1 Billion Securitization for Laboratorios Sanfer, S.A. de C.V.

Finacity Corporation (“Finacity”) announced that it has successfully launched a trade receivables securitization for Laboratorios Sanfer, S.A. de C.V. (“Sanfer”).  The transaction amount is MXN 1 billion, it has a…