Cetelem sets up Mexican debt sale

Cetelem sets up Mexican debt sale

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Cetelem, the consumer finance division of French bank BNP Paribas, said it plans to raise up to MXN2 billion ($99.9 million) in a two-part bond sale in the Mexican market. Cetelem will base one series of 2.5-year notes on the TIIE interbank lending rate and price another series of five-year notes with a fixed interest rate, it said in a securities filing on Wednesday. The bonds will be the first two issues in a five-year program that could be worth as much as MXN20 billion. BBVA, Santander and B

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