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GMAC Mexicana plans to sell Ps. 150 million certificados bursatiles in two tranches
By Reshmi Basu
New York, Dec. 6 - GMAC Mexicana SA de CV Sofol said it plans to sell Ps. 150 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) in two tranches on Wednesday.
The issuer plans to sell Ps. 100 million of 35-day certificados bursatiles.
The maturity date is Jan. 12, 2006.
The second tranche includes Ps. 50 million of 91-day certificados bursatiles, which will mature on March 9, 2006
The settlement date is scheduled for Thursday. The 35-day certificates are issue number 120 in GMAC Mexicana's current certificados bursatiles program. The 91-day certificates are issue number 121.
The issuer, based in Monterrey, Nuevo Leon, Mexico, is the financial arm for GMAC in Mexico.
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