By Reshmi Basu
New York, Jan. 31 - GMAC Mexicana SA de CV Sofol sold Ps. 430.55 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) in three tranches via an auction on Wednesday.
The issuer sold Ps. 155.55 million of 28-day certificados bursatiles at 99.430667 to yield 7.36%. Bids ranged from 7.30% to 7.40%.
The second included Ps. 125 million of 91-day certificados bursatiles, which came at 98.094056 to yield 7.69%. Bids ranged from 7.65% to 7.71%.
And the third tranche included Ps. 150 million of 182-day certificados bursatiles, which priced at 95.930278 to yield 8.39%. Bids ranged from 8.05% to 8.43%.
Casa de Bolsa BBVA Bancomer SA de CV is the auction agent for all three transactions.
The issue number for the 28-day issue is 031 in GMAC Mexicana's current certificados bursatiles program. The issue number for the 91-day issue is 032 and the 182-day issue is 033.
The issuer, based in Monterrey, Mexico, is the financial arm for GMAC in Mexico.
Issuer: GMAC Mexicana SA de CV Sofol
Issue: Certificados bursatiles
| Total amount: | Ps. 430.55 million
|
| Auction date: | Jan. 31
|
| Settlement date: | Feb. 1
|
| Auction agent: | Casa de Bolsa BBVA Bancomer SA de CV
|
| Ratings: | Standard & Poor's: mxA-2
|
| Fitch: F2(mex)
|
| Moody's: MX-2
|
|
|
| 28-day tranche
|
| Amount: | Ps. 155.55 million
|
| Maturity | March 1, 2007
|
| Issue price: | 99.430667
|
| Discount rate: | 7.32%
|
| Yield: | 7.36%
|
|
|
| 91-day tranche
|
| Amount: | Ps. 125 million
|
| Maturity: | May 3, 2007
|
| Issue price: | 98.094056
|
| Discount rate: | 7.54%
|
| Yield: | 7.69%
|
|
|
| 182-day tranche
|
| Amount: | Ps. 150 million
|
| Maturity: | Aug. 2, 2007
|
| Issue price: | 95.930278
|
| Discount rate: | 8.05%
|
| Yield: | 8.39%
|
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