By Reshmi Basu
New York, Sept. 6 - GMAC Hipotecaria SA de CV Sofol sold Ps. 100 million of 14-day certificados bursatiles (/mxA-+/F1+(mex)) at 99.72311 to yield 7.14% via an auction on Wednesday.
Bids ranged from 7.08% to 7.15%.
Scotia Inverlat Casa de Bolsa SA de CV was the auction agent.
The issuer, based in Mexico City, is a financial services company focused on the financing of real estate developers in Mexico.
| Issuer: | GMAC Hipotecaria SA de CV Sofol
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| Amount: | Ps. 100 million
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| Issue: | Certificados bursatiles
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| Maturity date: | Sept. 21, 2006
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| Issue price: | 99.72311
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| Discount rate: | 7.12%
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| Yield: | 7.14%
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| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 7
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Standard & Poor's: mxA-1+
|
| Fitch: F1+(mex)
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