Ford Credit Raises MXP Funds

Ford Credit de Mexico has sold MXP2bn ($156m) in 2014 bonds in the domestic market, according to sources familiar with the transaction. The auto finance services company priced at TIIE+69bp, inside of TIIE+75bp price talk. The deal was heard 2x oversubscribed with 100 bids. Actinver, HSBC, Banorte-IXE and Scotiabank managed the transaction, rated AA/Aa3 on a national scale.