Facileasing Sets MXP Target

Mexico’s Facileasing plans to issue up to MXP750m ($56m) in the domestic market, according to a regulatory filing. The 3-year floater will pay a spread to the TIIE and will represent the second issuance under a MXP10bn program. In February, Facileasing priced a MXP500m 2015 at TIIE+70bp, marking the fleet leasing company’s first bond offering since being acquired by BBVA Bancomer. BBVA Bancomer is managing the new sale, rated AAA on a national scale.