New Issue: HSBC Mexico sells Ps. 3 billion of certificates in two tranches

By Reshmi Basu

New York, May 8 - HSBC Mexico, SA sold Ps. 3 billion of certificados bursatiles in two tranches.

HSBC issued Ps. 1 billion of certificates due Aug. 5, 2006 at an interest rate of 9.08%. The issue number is HSB0001 06 in the issuer's current certificados bursatiles program.

The issuer also sold Ps. 2 billion of certificates due Aug. 5, 2006 at a rate of 28-day TIIE minus one basis point. The issue number is HSBC 06 in the issuer's current program

HSBC Mexico, SA is the principal operating company of Grupo Financiero HSBC, SA de CV.

Issuer: HSBC Mexico, SA

Issue: Certificados bursatiles

Pricing date: May 5

Total amount: Ps. 3 billion

Fixed-rate certificates

Amount: Ps. 1 billion

Maturity: Aug 5, 2006

Interest rate: 9.08%

Floating-rate certificates

Amount: Ps. 2 billion

Maturity: Aug. 5, 2006

Interest rate: 28-day TIIE minus one basis point

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