Mexico City-based electronic money transfer company Intra Mexicana, which operates under the brand name Dinero Express, increased its asset-backed loan program to $421 million, which includes an offering of $184.2 million in public bonds on the Mexican exchange, according to Jones Day.
Intra Mexicana is a subsidiary of retail and cash advance multinational Grupo Elektra, which operates more than 7,000 points of sale in Mexico, the United States, Guatemala, Honduras, Peru, Panama and El Salvador. Grupo Elektra also owns Advance America, a short-term nonbank loan company, according to the website of parent company Grupo Salinas.
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