GM Financial, Volkswagen Leasing start up peso notes

GM Financial, Volkswagen Leasing start up peso notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Mexico US Europe

GM Financial de México and Volkswagen Leasing plan to raise a combined MXN4 billion ($209 million) from the sale of notes in the local bond market, according to rating reports from S&P Global.GM Financial will go to the market with MXN1.5 billion in two-year notes, raising money to fund its loan portfolio in Mexico and cover working capital costs. The deal is part of GM Financial's MXN12 billion bond program in Mexico, the rating agency said. S&P gave the notes an mxAAA rating on the loc

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