New York, Jan. 12 - GMAC Financiera SA de CV Sofol sold Ps. 228.17 million certificados bursatiles (/mxAA/AA(mex)) in two tranches Wednesday.
The issuer sold Ps. 128.17 million of 28-day certificados bursatiles to yield 8.22%. Bids ranged from 8.20% to 8.28%. GMAC Financiera had planned to sell up to Ps. 200 million in the tranche.
The second tranche included Ps. 100 million of 84-day certificados bursatiles. The issue priced to yield 8.22%. Bid ranged from 8.15% to 8.29%. The Ps. 100 million was the planned size.
Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for all three transactions.
The 28-day certificates are issue number 1-2006 in GMAC Financiera's current certificados bursatiles program and the 84-day certificates are number 2-2006.
The issuer, based in Monterrey, Nuevo Leon, Mexico, is the financial arm for GMAC in Mexico.
| Issuer: | GMAC Financiera SA de CV Sofol
|
| Issue: | Certificados bursatiles
|
| Auction date: | Jan. 11
|
| Settlement date: | Jan. 12
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Standard & Poor's: mxA-1+
|
| Fitch: F1+(mex)
|
|
|
| 28-day tranche
|
| Amount: | Ps. 128.17 million
|
| Maturity: | Feb. 9, 2006
|
| Price: | 99.839389
|
| Discount rate: | 8.17%
|
| Yield: | 8.22%
|
|
|
| 84-day tranche
|
| Amount: | Ps. 100 million
|
| Maturity: | April 6, 2006
|
| Price: | 100
|
| Yield: | 8.57%
|
|
|
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