By Reshmi Basu
New York, Nov. 22 - GMAC Mexicana SA de CV Sofol sold Ps. 284.72 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) in three tranches via an auction on Wednesday.
The issuer sold Ps. 214.92 million of 28-day certificados bursatiles at 99.433 to yield 7.33%. Bids ranged from 7.25% to 7.37%.
The second included Ps. 13.3 million of 91-day certificados bursatiles at 98.109222 to yield 7.62%. Bids ranged from 7.60% to 7.70%.
And the third tranche included Ps. 56.50 million of 182-day certificados bursatiles at 96.00611 to yield 8.23%. Bids ranged from 7.90% to 8.20%.
Casa de Bolsa BBVA Bancomer SA de CV is the auction agent for all three transactions.
The issue number for the 28-day issue is 006 in GMAC Mexicana's current certificados bursatiles program. The issue number for the 91-day issue is 007 and the 182-day issue is 008.
The issuer, based in Monterrey, Mexico, is a financial unit of GMAC in Mexico.
| Issuer: | GMAC Mexicana SA de CV Sofol
|
| Issue: | Certificados bursatiles
|
| Auction date: | Nov. 22
|
| Settlement date: | Nov. 23
|
| Auction agent: | Casa de Bolsa BBVA Bancomer SA de CV
|
| Ratings: | Moody's: MX-2
|
| Standard & Poor's: mxA-2
|
| Fitch: F2(mex)
|
| 28-day tranche
|
| Amount: | Ps. 214.92 million
|
| Maturity: | Dec. 21, 2006
|
| Issue price: | 99.433
|
| Discount rate: | 7.29%
|
| Yield: | 7.33%
|
|
|
| 91-day tranche
|
| Amount: | Ps. 13.3 million
|
| Maturity: | Feb. 22, 2007
|
| Issue price: | 98.109222
|
| Discount rate: | 7.48%
|
| Yield: | 7.62%
|
|
|
| 182-day tranche
|
| Amount: | Ps. 56.5 million
|
| Maturity: | May 24, 2007
|
| Issue price: | 96.00611
|
| Discount rate: | 7.90%
|
| Yield: | 8.23%
|
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