Ford Credit de Mexico to sell Ps. 400 million in two tranches of certificados bursatiles Wednesday

By Reshmi Basu

New York, Feb. 7 - Ford Credit de Mexico SA de CV Sofol said it plans to issue Ps. 400 million in two tranches of certificados bursatiles (MX-1/mxA-2/F1(mex)) via an auction on Wednesday.

The company plans to sell Ps. 200 million of 28-day certificados bursatiles. The maturity date is March 9, 2006.

The second tranche is Ps. 200 million of 84-day certificados bursatiles. The issue will carry a maturity date of May 4, 2006.

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

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

The 28-day certificate is 046 in Ford Credit's current certificados bursatiles program. The 84-day certificate is 047.

The issuer, based in Mexico City, is a finance subsidiary of Ford Motor Co.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.