Navistar Preps Domestic Retap

Mexico’s Navistar is preparing a MXP800m ($61m) reopening of the 2018 floating-rate bonds it sold earlier in the year, with pricing scheduled for late November. The Mexican unit of the US vehicle manufacturer originally placed MXP1bn at TIIE+150bp. Proceeds will before general corporate purposes. Actinver is managing the transaction, rated AAA on a national scale.