Volkswagen Leasing Readies Local Bond

Volkswagen Leasing is preparing a MXP2.5bn ($195m) bond issuance in Mexico’s domestic market. The auto lender is expected to price the floating-rate deal of up to four years during the week of November 5. Santander and Bancomer are managing the deal, rated AAA on a local scale. The issuance is guaranteed by parent VW Financial Services.