By Reshmi Basu
New York, July 19 - GMAC Hipotecaria SA de CV Sofol sold Ps. 100 million of short-term certificados bursatiles (/mxA-+/F1+(mex)) at 99.862528 to yield 7.08% 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 Sofol
|
| Amount: | Ps. 100 million
|
| Issue: | Certificados bursatiles
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| Maturity date: | July 27, 2006
|
| Issue price: | 99.862528
|
| Discount rate: | 7.07%
|
| Yield: | 7.08%
|
| Pricing date: | July 19
|
| Settlement date: | July 20
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Standard & Poor's: mxA-1+
|
| Fitch: F1+(mex)
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