August 29, 2013
Volkswagen Leasing is planning to sell up to MXP2.0bn ($150m) in 2017 bonds
Volkswagen Leasing is planning to sell up to MXP2.0bn ($150m) in 2017 bonds in Mexico’s domestic market, according to a person familiar with the process. Pricing is tentatively scheduled for late September. The leasing unit of Volkswagen’s Mexico operation plans to use proceeds to finance lending. Banamex and BBVA Bancomer will manage the new transaction, rated AAA on a national scale. The issuer priced a MXP2.0bn 2017 domestic bonds at TIIE+38bp in March.