GMAC Mexicana plans to sell Ps. 275 million of certificados bursatiles in three tranches

By Reshmi Basu

New York, Jan. 31 - GMAC Mexicana SA de CV Sofol said it plans to sell a total of Ps. 275 million of certificados bursatiles (MX-2/mxA-2/F2(mex)) via an auction on Wednesday.

The issuer will sell Ps. 75 million of 28-day certificados bursatiles. The maturity date is March 2, 2006.

The second tranche includes Ps. 100 million of 91-day certificados bursatiles. The maturity date is May 4, 2006.

The third tranche is made up of Ps. 100 million of 182-day certificados bursatiles. The maturity date is scheduled for Aug. 3, 2006.

The settlement date is scheduled for Thursday. The 28-day certificates are issue number 011 in GMAC Mexicana's current certificados bursatiles program. The 91-day certificates are issue number 012 and the 182-day certificates are issue number 013.

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

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