Business News • MarketWire • Finacity Corporation Announces Successful Renewal of Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico |
Finacity Corporation Announces Successful Renewal of Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico |
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Finacity Corporation Announces Successful Renewal of Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico
NEW YORK, NY--(Marketwire - May 3, 2010) - Finacity Corporation announced today the successful extension of a MXN 550,000,000 variable rate investment grade bond for one of its clients, Vitro Envases Norteamerica S.A. de C.V. ("VENA"), a 100% owned subsidiary of Vitro S.A.B. de C.V. ("Vitro") (BMV: VITRO A). The securitization program, now in its fifth year, was renewed on March 25, 2010 for an additional two years. Finacity will continue in its role as Master Servicer and Bond Administrator. As Bond Administrator, Finacity will generate reports daily for the various constituents in order to provide all parties with visibility to assets, collateral values and receivables performance.
View More : http://www.marketwire.com/mw/release.do?id=1157417&sourceType=3
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