PACCAR Financial México MEX$1.5 billion notes issue

Overview:

• PACCAR Financial México issued MEX$1.5 billion ($84.8 million) bonds as part of its five-year MEX$10 billion bond program.
• Citibanamex and Scotiabank acted as underwriters. 
• Fitch and S&P gave the bonds a AAA rating. 
• PACCAR focuses on the design and manufacture of trucks. 

Rani Mehta - Journalist