Mexican Auto Lender Gets Local Funds

NR Finance, an auto lender catering to Nissan and Renault buyers in Mexico, has sold MXP2bn in the domestic bond market. The 2012 bullet notes will pay the TIIE benchmark plus 95bp. Proceeds will support NR’s lending capabilities. The issue is the fifth from a MXP10bn 5-year shelf. BBVA Bancomer managed the sale, rated AA+/Aa1 on a national scale.