New Issue: GMAC Hipotecaria sells Ps. 50 million of short-term certificados bursatiles at 7.09%

By Reshmi Basu

New York, July 13 -GMAC Hipotecaria SA de CV SFOL sold Ps. 50 million of short-term certificados bursatiles (/mxA-1+/F1+(mex)) at 99.862333 to yield 7.09% via an auction on Wednesday.

Bids ranged from 7.08% to 7.09%

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 SFOL

Amount: Ps. 50 million

Issue: Certificados bursatiles

Maturity date: July 20, 2006

Issue price: 99.862333

Discount rate: 7.08%

Yield: 7.09%

Pricing date: July 12

Settlement date July 13

Auction agent: Scotia Inverlat Casa de Bolsa SA de CV

Ratings: Standard & Poor's: mxA-1+

	Fitch: F1+(mex)

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