Daimler Mexico to Visit Local Market

Daimler Mexico is planning to issue up to MXP1.75bn ($135m) in 3-year and 5-year floating-rate domestic bonds Wednesday, according to people familiar with the issuer’s plans. BBVA Bancomer and Scotiabank are managing the auto manufacturer’s sale, rated AAA on a national scale. Daimler last came to market in November 2012, when it priced a MXP1bn 2015 bond at TIIE+35bp.