Leading Mexican appliances retailer Grupo Elektra recently completed its Ps200 million ($21.3 million) securitization of account receivables. The deal was placed in the local market.

The transaction received local ratings of double-A from Duff & Phelps (DCR) and double-A-plus from Fitch IBCA. The notes featured a 13% coupon and a two-year final maturity.

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