Pérez-Llorca Mexico counsels Toyota FS on MXP$2.5bn bonds
Pérez-Llorca Mexico has advised Toyota Financial Services Mexico on two long-term bond issuances on the Mexican Stock Exchange, placed for a combined MXP$2.5 billion (approx. USD$135 million) under the company’s MXP$17 billion dual program.
The TOYOTA 25-3 series placed MXP$1 billion at TIIE de Fondeo + 0.55%, with maturity on June 1, 2029. The TOYOTA 25-4 series raised MXP$1.5 billion at a fixed 8.80% rate, maturing on May 17, 2030. Both issuances received the highest domestic credit ratings: “AAA (mex)” from Fitch Mexico and “mxAAA” from S&P Global Ratings.
BBVA Mexico and Scotiabank Mexico acted as financial intermediaries through their broker-dealer arms, while Banco Multiva served as common representative for bondholders.
Pérez-Llorca Mexico’s team was led by partners Bernardo Reyes Retana (pictured), José Ignacio Rivero, Jacinto Avalos, associate Samara Mosqueda and law clerk Gerardo Llerandi (Law Clerk).
