ABS

Group Zapata Closes Trade Receivable ABS

Published November 2, 2009 11:43 AM EST 1 Min Read

Mexico’s Group Zapata, under its holding company Taenza, recently closed a Ps300 million ($22.9 million), two-year securitization of trade receivables.

Collateral consists of peso and dollar receivables from five of Zapata’s customers. HR Rating and Standard & Poor’s rated the deal triple-A on their respective national scales.

Barclays Capital and IXE were the bookrunners while Finacity helped structure the deal and acts as master servicer.

The issuer makes and exports containers, lids and other tinplate, plastic and aluminum products.

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