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GMAC Hipotecaria plans to sell Ps. 50 million of 13-day certificados bursatiles
By Reshmi Basu
New York, Oct. 17 - GMAC Hipotecaria SA de CV Sofol plans to sell Ps. 50 million of 13-day certificados bursatiles (/mxA-1+/F1+(mex)) via an auction on Wednesday.
The maturity date is Nov. 1, 2006.
Scotia Inverlat Casa de Bolsa SA de CV is the auction agent.
Meanwhile the issue number is 043 in GMAC's current certificados bursatiles program.
The issuer, based in Mexico City, is a financial services company focused on the financing of real estate developers in Mexico.
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