By Reshmi Basu
New York, Oct. 5 - Ford Credit de Mexico SA de CV Sofol sold Ps. 530 million of certificados bursatiles (MX-1/mxA-1/F1+mex)) in two tranches via an auction on Wednesday
The company priced Ps. 475 million of 28-day certificados bursatiles at 99.281333 to yield 9.31%. Bids ranged from 9.29% to 9.38%.
The second tranche included Ps. 55 million of 112-day certificados bursatiles (MX-1/mxA-1/F1+(mex)). It priced at par to yield 9.58%. Bids ranged from 9.50% to 9.62%.
Scotia Inverlat Casa de Bolsa SA de CV was the auction agent for both transactions.
Ford Motor Credit Co. will guarantee the issue.
The 28-day certificate is 009 in Ford Credit's certificados bursatiles program and the 112-day certificate is 010.
The issuer, based in Mexico City, is the financial arm for Ford Motor Co.
Issuer: Ford Credit de Mexico SA de CV Sofol
Issue: Certificados bursatiles
Auction date: Oct. 5
| Settlement date: | Oct. 6
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Moody's: MX-1
|
| Standard & Poor's: | MxA-1
|
| Fitch: F1+(mex)
|
|
|
| 28-day tranche
|
| Amount: | Ps. 475 million |
|
| Maturity: | Nov. 3, 2005
|
| Issue price: | 99.281333
|
| Discount rate: | 9.24%
|
| Yield: | 9.31%
|
|
|
| 112-day tranche
|
| Amount: | Ps. 55 million |
|
| Maturity: | Jan. 26, 2006
|
| Issue price: | Par |
|
| Yield: | 9.58%
|
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