By Reshmi Basu
New York, June 7 - GMAC Financiera SA de CV Sofol sold Ps. 109 million of 84-day certificados bursatiles at par to yield 7.39%.
Bids ranged from 7.37% to 7.40%.
Casa de Bolsa BBVA Bancomer SA de CV was the auction agent for the transaction.
The issue number for the 84-day issue is 033 in GMAC Financiera's current certificados bursatiles program.
The issuer, based in Mexico City, provides warehouse financing for Mexican mortgage lenders. The company is a wholly owned Mexican subsidiary of the U.S. residential mortgage company GMAC Residential Funding Corp., which itself is a subsidiary of GMAC Financial Services.
| Issuer: | GMAC Financiera SA de CV Sofol
|
| Issue: | 84-day Certificados bursatiles
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| Amount: | Ps. 109 million
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| Maturity: | Aug. 31, 2006
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| Issue price: | Par
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| Yield: | 7.39%
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| Auction date: | June 7
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| Settlement date: | June 8
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| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Standard & Poor's: mxA-1+
|
| Fitch: F1+(mex)
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