VW, Fortaleza sell bonds in Mexico

VW, Fortaleza sell bonds in Mexico

S&P Global Fitch Ratings Moody's Investors Service Credit Ratings Bonds Mexico Capital Markets Asset Management Commerce

Volkswagen's leasing division in Mexico and cement maker Fortaleza Materiales each issued MXN2 billion ($101 million) in bonds in the local market, according to securities filings. Volkswagen Leasing, a subsidiary of Volkswagen Financial Services, said it priced three-year bonds at 7.54%, while Fortaleza said it printed 2.5-year notes at 8.87%. Moody's assigned VW's bonds a ​​Aaa.mx and S&P Global Ratings gave them a mxAAA rating. HSBC, Santander and Scotiabank coordinated the deal, VW said

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial