By Reshmi Basu
New York, Jan. 18 - Ford Credit de Mexico SA de CV Sofol sold Ps. 280.5 million in two tranches of certificados bursatiles (MX-1/mxA-1/F1(mex)) via an auction on Wednesday.
The company issued Ps. 230.5 million of 28-day certificados bursatiles at 99.371556 to yield 8.13%. Bids ranged from 8.10% to 8.25%. The planned amount size was Ps. 250 million.
The second tranche included Ps. 50 million of 56-day certificados bursatiles, which priced at par to yield 8.41%. Bids ranged from 8.40 % to 8.41%.
Scotia Inverlat Casa de Bolsa SA de CV was the auction agent for both transactions.
Ford Motor Credit Co. will guarantee the issue.
The 28-day certificates are 039 in Ford Credit's current certificados bursatiles program and the 56-day certificates are 040.
The issuer, based in Mexico City, is the financial arm for Ford Motor Co.
Issuer: Ford Credit de Mexico SA de CV Sofol
Issue: Certificados bursatiles
Auction date: Jan. 18
| Settlement date: | Jan. 19
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Moody's: MX-1
|
| Standard & Poor's: mxA-2
|
| Fitch: F1(mex)
|
|
|
| 28-day tranche
|
| Amount: | Ps. 230.5 million |
|
| Maturity: | Feb. 16, 2006 |
|
| Issue price: | 99.371556
|
| Discount rate: | 8.08%
|
| Yield: | 8.13%
|
|
|
| 56-day tranche
|
| Amount: | Ps. 50 million
|
| Maturity | March 16, 2006
|
| Issue price: | Par
|
| Yield: | 8.41%
|
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