GM Financial sets up peso sale

GM Financial sets up peso sale

Bonds Debt Capital Markets Corporate & Sovereign Strategy Mexico US

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

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