Paccar Mexico to auction Ps. 500 million certificados bursatiles in two tranches Wednesday

By Reshmi Basu

New York, Nov. 1 - Paccar Mexico SA de CV Sofol plans to sell Ps. 500 million certificados bursatiles (/mxA-1+/) in two tranches on Wednesday.

The company plans to issue Ps. 300 million 28-day certficados bursatiles. Maturity for the issue is Dec. 1, 2005.

The second tranche includes Ps. 200 million 91-day certificados bursatiles. The maturity date is Feb. 2, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.

Settlement is scheduled for Thursday.

The issue number for the 28-day issue is 007 in Paccar's current certificados bursatiles program, and the 91-day issue is 008.

The Mexico City-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.

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