Paccar Mexico to sell Ps. 610 million of certificados bursatiles in two tranches

By Reshmi Basu

New York, Feb. 14 - Paccar Mexico SA de CV Sofol plans to sell a total of Ps. 610 million in two tranches of certificados bursatiles (/mxA-1+/) on Wednesday.

The issuer plans to sell Ps. 500 million of 28-day certificados bursatiles. The maturity date is March 16, 2006.

The second tranche includes Ps. 210 million of 91-day certificados bursatiles. The maturity date for the issue is May 18, 2006.

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

Meanwhile settlement for the issues is scheduled for Thursday.

The 28-day issue is 012 in Paccar's current certificados bursatiles program. The 91-day issue is 013.

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

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