Ford Preps Next MXP Bond

Ford Credit de Mexico will look to issue up to MXP2bn ($154m) in 2-year bonds on September 19, according to sources familiar with the auto finance services company’s plans. The issuance is part of an MXP8bn program. Actinver, HSBC, Banorte-IXE and Scotiabank are managing. In September 2011, Ford Credit de Mexico sold MXP1bn in domestic floating-rate bonds. The 1.5-year deal priced at TIIE+95bp.