Published on 4/28/2005 in the Prospect News Emerging Markets Daily.
New Issue: SARE Holding sells Mexican Ps. 500 million certificados bursatiles
By Caroline Salls
Pittsburgh, April 28 - SARE Holding SA de CV said it issued Mexican pesos 500 million of four-year certificados bursatiles at a price of 99.430882 to yield 28-day TIIE plus 240 basis points, initially 12.815%.
The Mexico City-based home construction company said proceeds will be used to restructure a large percentage of its debt.
| Issuer: | SARE Holding SA de CV
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| Issue: | Certificados bursatiles
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| Amount: | Mexican Ps. 500 million
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| Maturity: | April 29, 2009
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| Price: | 99.430882
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| Yield: | 28-day TIIE plus 240 basis points, initially 12.815%
|
| Pricing date: | April 27
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| Settlement date: | April 29
|
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