April 17, 2019 |
GM Financial plans to raise up to MXN2bn ($105m) from a two-part debt sale in the Mexican market, according to a report from S&P Global.
The Monterrey-based car loan company plans to issue two- and three-year notes under its five-year, MXN12bn debt program, S&P said.
"It should be noted that the total amount is still subject to authorization by the regulator after the issuer requested a MXN5bn addition," S&P said of GM Financial's debt program.
S&P gave the upcoming bond sale
Mexican auto lender looks to raise $105m from a two-part bond deal in the local market