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Ford Credit de Mexico to sell Ps. 150 million in two tranches of certificados bursatiles Wednesday
By Reshmi Basu
New York, July 11 - Ford Credit de Mexico SA de CV Sofol said it plans to issue Ps. 150 million in two tranches of certificados bursatiles (MX-1/mxA-2/F2(mex)) via an auction on Wednesday.
The company plans to sell Ps. 50 million of seven-day certificados bursatiles. The maturity date is July 20, 2006.
The second tranche is Ps. 100 million of 28-day certificados bursatiles. The maturity date is Aug. 10, 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 issuer, based in Mexico City, is a financial unit of Ford Motor Co.
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