Corporación Financiera Atlas’s $26.03 Million Securitization of trust certificates backed by Accounts Receivable from Loans, Financial Lease and Leases


Kuri Breña, Sánchez Ugarte y Aznar acted as deal counsel on the offering

Corporación Financiera Atlas, S.A. de C.V., SOFOM, E.N.R. executed its third offering of trust certificates backed by accounts receivable from loans, financial lease and leases granted by Corporación Financiera Atlas, under a program established in 2017, for which the firm also acted as legal counsel.

The issuance was for an amount of MX$500,000,000.00 with a maturity of 4 years, and it was rated HR AAA (E) by HR Ratings de México and AAA/M (e) by Verum, Calificadora de Valores.

Corporación Financiera Atlas, S.A. SOFOM E.R. operates as a financial company in Mexico. The company, based in Mexico City, provides financial and pure leasing, and referral credit services.

Actinver Casa de Bolsa and Planeación de Estructuras y Portafolios acted as structuring agents, and Actinver Casa de Bolsa and Casa de Bolsa Banorte as underwriters.

KSA acted as counsel in the structuring and implementation of the issuance with a team including Daniel Kuri Breña Romero de Terreros (Picture) and Miguel Vallejo Guerra.

Involved fees earner: Daniel Kuri Breña Romero de Terreros – Kuri Breña Sánchez Ugarte y Aznar; Miguel Vallejo Guerra – Kuri Breña Sánchez Ugarte y Aznar;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

Clients: Actinver Casa de Bolsa, S.A. de C.V.; Casa de Bolsa Banorte – Ixe, S.A de C.V.; Corporación Financiera Atlas, S.A. SOFOM E.R.;

Author: Ambrogio Visconti.