Ford Credit de Mexico to sell Ps. 200 million in two tranches of certificados bursatiles Wednesday

By Reshmi Basu

New York, Aug. 1 - Ford Credit de Mexico SA de CV Sofol said it plans to issue Ps. 200 million in two tranches of certificados bursatiles (MX-1/mxA-2/F2(mex)) via an auction on Wednesday.

The company plans to sell Ps. 100 million of seven-day certificados bursatiles. The maturity date is Aug. 10, 2006.

The second tranche is Ps. 100 million of 28-day certificados bursatiles. The maturity date is Aug. 31, 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 seven-day certificates are issue number 153 in Ford Credit's current certificados bursatiles program. The 28-day certificates are issue number 154.

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

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