GMAC Financiera to sell Ps. 140 million of certificados bursatiles in two tranches

By Reshmi Basu

New York, Oct. 17 - GMAC Financiera SA de CV Sofol plans to sell a total of Ps. 140 million of certificados bursatiles (/mxA-1+/F1+(mex)) in two tranches via an auction on Wednesday.

The issuer plans to issue Ps. 90 million of 84-day certificados bursatiles. The maturity date is Jan. 11, 2007.

The second tranche is Ps. 50 million of 112-day certificados bursatiles. The maturity date is Feb. 8, 2007.

Casa de Bolsa BBVA Bancomer SA de CV is the auction agent for the transaction.

The issue number for the 84-day issue is 081 in GMAC Financiera's current certificados bursatiles program. The issue number for the 112-day issue is 082.

The issuer, based in Mexico City, provides warehouse financing for Mexican mortgage lenders. The company is a wholly owned Mexican subsidiary of the U.S. residential mortgage company GMAC Residential Funding Corp., which itself is a subsidiary of GMAC Financial Services.

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