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DaimlerChrysler Mexico plans to sell Ps. 530 million certificados bursatiles in two tranches
By Reshmi Basu
New York, Oct. 11 - DaimlerChrysler Mexico Holding SA de CV said it plans to sell a total of Ps. 530 million of certificados bursatiles in two tranches on Wednesday.
The issuer plans to sell Ps. $450 million of 28-day certificados bursatiles (/mxA 1+/F1+(mex)). The maturity date is Nov. 10, 2005.
The second tranche is made up of Ps. 80 million of 91-day certficados bursatiles (/mzA-1+/F1+(mex)). The maturity date is Jan. 12, 2006.
Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.
The settlement date is Thursday. The 28-day certificates are issue number 86-2005 in DaimlerChryler's certificados bursatiles program. The 91-day certificates are issue 87-2005.
The issuer, based in Mexico City, is the financial arm for DaimlerChrysler.
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