May 14, 2021
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
BNP Paribas' consumer finance company aims to raise $100 mln in a two-part deal