Mexican retailer Grupo Elektra is holding roadshows for its $42 million securitization of account receivables. The deal, which is expected to hit the market soon, should receive a double-A local credit rating from Duff & Phelps (DCR). Operadora de Bolsa Serfin is the arranger for the transaction and Nacional Financiera will act as trustee. The notes will have revolving periods of 90 days and a three-year final maturity.

"This is a good time for Elektra to come to market," said Jose Antonio Rodriguez, an analyst with DCR in Mexico. "Pension funds are looking to buy corporate paper with double-A type credit rating and there aren't many issuers out there who can offer it."

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