Paccar Mexico to sell Ps. 574 million of certificados bursatiles in three tranches

By Reshmi Basu

New York, Jan. 31 - Paccar Mexico SA de CV Sofol plans to sell a total of Ps. 574 million in three tranches of certificados bursatiles (/mxA-1+/) Wednesday.

The issuer plans to sells Ps. 350 million of 28-day certificados bursatiles. The maturity date is March 2, 2006.

The second tranche includes Ps. 150 million of 63-day certificados bursatiles. The maturity date for the issue is April 6, 2006.

The third tranche is comprised of Ps. 74 million of 91-day certificados bursatiles. The maturity date is May 4, 2006.

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

Meanwhile settlement for the issues is scheduled for Thursday.

The 28-day issue is 008 in Paccar's current certificados bursatiles program. The 63-day issue is 009 and the 91-day issue is 010.

The Mexicali, Baja California-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.

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