GMAC Mexicana to sell Ps. 500 million of certificados bursatiles in three tranches

By Reshmi Basu

New York, Oct. 3 - GMAC Mexicana SA de CV Sofol said it plans to sell a total of Ps. 500 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) in three tranches via an auction on Wednesday.

The issuer plans to sell Ps. 250 million of 28-day certificados bursatiles. The maturity date is Nov. 1, 2006.

The second tranche is Ps. 100 million of 98-day certificados bursatiles. The maturity date is Jan. 11, 2007.

And the third tranche includes Ps. 150 million of 175-day certificados bursatiles. The maturity date is scheduled for March 29, 2007.

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 111 in GMAC Mexicana's current certificados bursatiles program. The issue number for the 98-day issue is 112 and the 175-day issue is 113.

The issuer, based in Monterrey, Mexico, is the financial arm for GMAC in Mexico.

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