September 26, 2013
Volkswagen Leasing has priced MXP2bn ($154m) in Mexico’s domestic bond mark
Volkswagen Leasing has priced MXP2bn ($154m) in Mexico’s domestic bond market, according to people familiar with the sale. The 2017 bond pays TIIE+38bp, within expectations. Demand reached MXP2.8bn. The leasing unit of Volkswagen’s Mexico operation is raising funds to finance lending. Banamex and BBVA Bancomer managed the transaction, rated AAA on a national scale. The price level matches the TIIE+38bp VW paid in March in a similar MXP2.0bn 2017 sale.