Ford Credit de Mexico to auction Ps. 520 million 28-day certificados bursatiles Wednesday

By Reshmi Basu

New York, Sept. 20 -Ford Credit de Mexico SA de CV Sofal said it plans to sell Ps. 520 million of short-term certificados bursatiles via an auction on Wednesday.

The issue will carry a tenor of 28 days with a maturity date of Oct. 20.

Ford Motor Credit Co. will guarantee the issue.

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

Settlement is scheduled for Sept. 22. The issue number is 007 in Ford Credit's certificados bursatiles program.

Moody's rates the short-term paper as MX-1. Standard & Poor's gives the issue an MxA-1 rating while Fitch gives it a F1+ rating.

The issuer, based in Mexico City, is the financial arm for Ford Motor Co. in Mexico.

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