Paccar Advances MXP Bond Plans

Paccar Financial’s Mexican unit is planning to sell up to MXP1bn ($76m) in 2015 floating rate bonds in Mexico’s domestic market tentatively on September 5. The truck leasing operation’s bond comes under a MXP10bn program, and is scheduled to start a roadshow next week. BBVA Bancomer and Banamex are managing the deal, rated AAA on a national scale. It would be Paccar’s first domestic bond since 2008.