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"Mexico has a very established structured finance industry and there are a number of deals getting done in the asset-backed lending market"
Brigitte Posch, Deutsche Bank |
ABCP conduits suffered a reputational battering as a result of last summer’s liquidity freeze in the commercial paper market. However, if events in Mexico are anything to go by the concept has survived. In late February, Deutsche Bank was poised to launch the first Latin American ABCP conduit in Mexico, a diversified multi-seller vehicle dubbed Aztlan.
Named after the mythical place of origin of the Aztec people, Aztlan has been set up to invest in...
