NR Finance Wide of Guidance

NR Finance Wide of Guidance

Mexico Bonds Economy & Policy

NR Finance has priced wide of guidance on its MXP2.8bn bond issue Wednesday via Banamex and Scotia. The AA+ rated 3-year bonds landed at 65bp over TIIE, wide of 60bp guidance. The Mexican subsidiary of the financing arm of Nissan-Renault received MXP3.5bn in demand and 76 orders, according to bankers leading the deal. Investors include investment funds, private banks and insurance companies. Proceeds will be used for working capital and refinancing. It was also larger, cheaper and for a longer t

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