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GMAC Mexicana plans to sell Ps. 400 million certificados bursatiles in three tranches on Wednesday
By Reshmi Basu
New York, Sept. 27 -GMAC Mexicana SA de CV said it plans to sell Ps. 400 million of certificados bursatiles via an auction on Wednesday
The issuer plans to sell Ps. 50 million of 7-day certificados bursatiles (MX-2//F1(mex). The maturity date is Oct. 6, 2005.
The second tranche is Ps. 250 million of 28-day certificados bursatiles (MX-2//F1(mex). The maturity is Oct. 27, 2005.
The third tranche is Ps. 100 million of 119-day certificados bursatile (MX-2//F1(mex). The maturity date is Jan. 26, 2006.
The settlement date is Sept. 29. The 7-day certificates are 97 in GMAC Mexico's current certificados bursatiles program, the 28-day certificates are issue number 98 and the 119-day certificates are issue 99.
The issuer, based in Mexico City, is the financial arm for GMAC
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