PriceWaterhouseCoopers Mexico (PWC Mexico), the largest accounting, auditing, and consulting firm in Mexico, has hit the private placement market with a securitization of building and technology leases which pierced the sovereign ceiling with a BBB rating from Fitch.

J.P. Morgan Chase & Co. arranged the $54.15 million MCM Mexico Lease Finance Trust I-2001, which issued fixed rate notes with a final maturity in 2016 and an average life of nine years. The transaction is structured as pass-through triple-net lease payments, obligating PWC Mexico to make payments to the trust without limitation.

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