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Paccar Mexico to sell Ps. 731 million of certificados bursatiles in two tranches
By Reshmi Basu
New York, Aug. 15 - Paccar Mexico SA de CV Sofol plans to issue a total of Ps. 731 million of certificados bursatiles (MX-1/mxA-1+/) in two tranches on Wednesday.
The issuer plans to sell Ps. 527 million of 28-day certificados bursatiles. The maturity date is scheduled for Sept. 14, 2006.
The second tranche is comprised of Ps. 204 million of 91-day certificados bursatiles. The maturity date is Nov. 16, 2006.
Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.
Meanwhile settlement for the issue is scheduled for Thursday.
The 28-day certificates are issue number 057 in Paccar's current certificados bursatiles program. The 91-day certificates are issue number 058.
The Mexicali, Mexico-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.
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