By Reshmi Basu
New York, July 26 - GMAC Hipotecaria SA de CV Sofol sold Ps. 41.69 million of short-term certificados bursatiles (/mxA-+/F1+(mex)) at 99.86175 to yield 7.12% via an auction on Wednesday.
Bids ranged from 7.08% to 7.15%.
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. 41.69 million
|
| Issue: | Certificados bursatiles
|
| Maturity date: | Aug. 3, 2006
|
| Issue price: | 99.86175
|
| Discount rate: | 7.11%
|
| Yield: | 7.12%
|
| Pricing date: | July 26
|
| Settlement date: | July 27
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Standard & Poor's: mxA-1+
|
| Fitch: F1+(mex)
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
