Ford Credit de Mexico to sell Ps. 500 million certificados bursatiles in two tranches Wednesday

By Reshmi Basu

New York, Dec. 13 - Ford Credit de Mexico SA de CV Sofol said it plans to issue Ps. 500 million in two tranches of certificados bursatiles (MX-1/mxA-1/F1+mex)) via an auction on Wednesday.

The company plans to sell Ps. 400 million of 35-day certificados bursatiles. The issue will carry a maturity date of Jan. 19, 2006.

The second tranche is Ps. 100 million of 91-day certificados bursatiles. The maturity date is March 16, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.

Settlement is scheduled for Thursday. Ford Motor Credit Co. will guarantee the issue.

The 35-day certificate is 034 in Ford Credit's current certificados bursatiles program. The 91-day certificate is 035.

The issuer, based in Mexico City, is a financial arm of Ford Motor Co.

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