New York, Jan. 12 - GMAC Hipotecaria SA de CV Sofol sold Ps. 150 million of seven-day certificados bursatiles (/mxAA/AA(mex)) at 99.839389 to yield 8.27%.
Bids ranged from 8.25% to 8.29%.
Scotia Inverlat Casa de Bolsa SA de CV was the auction agent.
The issue number is 1-2006 in GMAC Hipotecaria's current certificados bursatiles program.
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 is a subsidiary of GMAC Financial Services.
| Issuer: | GMAC Hipotecaria SA de CV Sofol
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| Amount: | Ps. 150 million
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| Issue: | Certificados bursatiles
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| Maturity: | Jan. 19
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| Issue price: | 99. 839389
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| Discount rate: | 8.26%
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| Yield: | 8.27%
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 20
|
| Ratings: | Standard & Poor's: mxAA
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| Fitch: AA(mex)
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