By Angela McDaniels
Tacoma, Wash., June 20 – Volaris issued Ps. 1.5 billion of five-year asset-backed trust notes (certificados bursatiles fiduciarios), according to a company news release.
The interest rate is TIIE plus 175 basis points.
The placement broker was Casa de Bolsa BBVA Bancomer, SA de CV.
The trust notes will be backed by future receivables under the agreements entered into with the credit card processors with respect to funds coming from the sale of airplane tickets and ancillaries denominated in Mexican pesos, through credit cards Visa and Mastercard in its website, mobile app and travel agencies.
The trust notes were successfully listed on the Mexican Stock Exchange and are rated HR AA+ (E) and AA+/M(e) by HR Ratings de Mexico, SA de CV and Verum Calificadora de Valores, SAPI de CV, respectively.
Proceeds will be used for general corporate purposes.
Volaris is an ultra-low-cost airline based in Mexico City. Its flights are operated by Concesionaria Vuela Compania de Aviacion SAPI de CV.
| Issuer: | Volaris
|
| Issue: | Asset-backed trust notes (certificados bursatiles fiduciarios)
|
| Amount: | Ps. 1.5 billion
|
| Maturity: | Five years
|
| Broker: | Casa de Bolsa BBVA Bancomer, SA de CV
|
| Coupon: | TIIE plus 175 bps
|
| Announcement: | June 20
|
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