Finacity facilitates MXN 1bn securitisation for Laboratorios Sanfer

Finacity Corporation (Finacity) announced that it has successfully launched a trade receivables securitisation for Laboratorios Sanfer, S.A. de C.V. (“Sanfer”). The transaction amount is MXN 1bn (US$58m), it has a 5 year tenor and is being funded by a Mexican bank. The transaction includes most of the trade receivables originated by Sanfer in Mexico. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.