By Reshmi Basu
New York, Sept. 20 - GMAC Hipotecaria SA de CV Sofol sold Ps. 750 million of three-year certificados bursatiles (/mxAA/AA(mex)) at par to bear a coupon of 8.37% via an auction on Wednesday.
Casa de Bolsa Credit Suisse (Mexico) 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
Amount: Ps. 750 million
Issue: Certificados bursatiles
Maturity date: Sept. 17, 2009
Coupon: 8.37%
Issue price: Par
Auction agent: Casa de Bolsa Credit Suisse (Mexico) SA de CV
Pricing date: Sept. 20
Settlement date Sept. 21
Ratings: Standard & Poor's: mxAA
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