Volkswagen Leasing Set for MXP Sale

Volkswagen Leasing Mexico is scheduled to sell a MXP2.0bn ($155m) bond in Mexico’s domestic market today. The auto lender is expected to price the 2015 at around TIIE+25bp-35bp, according to people following the transaction. The issuance is guaranteed by parent VW Financial Services, and raises funds for operation. Santander and BBVA Bancomer are managing the deal, rated AAA on a local scale.