Navistar Reopens MXP Bonds

Mexico’s Navistar has reopened its 2018 domestic floating-rate notes, adding MXP800mn ($61m), according to a regulatory filing. After receiving slightly more than MXP800m demand, the Mexican unit of the US vehicle manufacturer reopened the bond to match the original rate of TIIE+150bp. Proceeds will be used for general corporate purposes. The total size is now MXP1.8bn. Actinver managed the transaction, rated AAA on a national scale.