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GMAC Mexicana plans to sell Ps. 275 million of certificados bursatiles in three tranches
By Reshmi Basu
New York, March 7 - 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. 100 million of 28-day certificados bursatiles. The maturity date is April 6, 2006.
The second tranche includes Ps. 75 million of 91-day certificados bursatiles. The maturity date is June 8, 2006.
The third tranche is made up of Ps. 100 million of 182-day certificados bursatiles. The maturity date is Sept. 7, 2006.
The settlement is Thursday. The 28-day certificates are issue number 026 in GMAC Mexicana's current certificados bursatiles program. The 91-day certificates are issue number 027, and the 182-day certificates are issue number 028.
The issuer, based in Monterrey, Nuevo Leon, Mexico, is the financial arm for GMAC in Mexico.
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