Toyota raises MXN debt

Toyota raises MXN debt

Mexico Bonds

Toyota Financial Services Mexico has raised MXN2.88bn ($151m) in local currency bonds, pricing fixed-rate and floating-rate notes last week. The automotive lender priced a five-year MXN1bn floater at 60bp over the 28-day TIIE rate and also sold MXN1.88bn in fixed-rate 2024 notes at 156bp over the 2023 Mbono, two bankers in Mexico City said. The floating-rate notes were 5x oversubscribed, and the fixed-rate notes were 3x subscribed, the sources said. BBVA Bancomer and Scotiabank led the transac

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