GMAC Mexicana plans to sell Ps. 350 million of certificados bursatiles in three tranches

By Reshmi Basu

New York, July 25 - GMAC Mexicana SA de CV Sofol said it plans to sell a total of Ps. 350 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) in three tranches via an auction on Wednesday.

The issuer will sell Ps. 200 million of 28-day certificados bursatiles. The maturity date is Aug. 24, 2006.

The second tranche includes Ps. 75 million of 91-day certificados bursatiles. The maturity date is Oct. 26, 2006.

And the third tranche is made up of Ps. 75 million of 182-day certificados bursatiles. The maturity date is Jan. 25, 2007.

The settlement date is scheduled for Thursday. The 28-day certificates are issue number 078 in GMAC Mexicana's current certificados bursatiles program. The 91-day certificates are issue number 079 and the 182-day certificates are issue number 080.

The issuer, based in Monterrey, Nuevo Leon, Mexico, is the financial arm for GMAC in Mexico.

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