August 30, 2012
Ford Credit de Mexico will look to issue up to MXP2bn ($150m) in 2-year bon
Ford Credit de Mexico will look to issue up to MXP2bn ($150m) in 2-year bonds, according to sources familiar with the auto finance services company’s plans. The issuance is part of an up to MXP8bn program. Bookrunners on the deal are Actinver, HSBC, Banorte-IXE and Scotiabank. In September of 2011, Ford Credit de Mexico sold MXP1bn in domestic floating-rate bonds. The 1.5-year deal priced at TIIE + 95bp, 5bp inside TIIE+100bp-area guidance.