1. Conduits find play in Latin America.
- Subjects
ASSET backed financing ,COMMERCIAL paper issues ,INVESTORS ,SECURITIES industry - Abstract
The article focuses on reasons behind the success of asset-backed financing in Latin America. According to Kevin Kime, director of structured finance ratings from Standard & Poor's, conduits are, in many ways, a better source for Latin American issuers to get the funding they need. Banco Nacional de Mexico announced the launch of a new two-year program which will allow it to issue up to $500 million of U.S. commercial paper. Conduits attract a variety of investors and expand the scope to commercial paper investors as well as the emerging market securitization investors.
- Published
- 2001