E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/12/2005 in the Prospect News Emerging Markets Daily.

New Issue: NR Finance Mexico sells $250 million of 28-day certificados bursatiles at 9.21%

By Reshmi Basu

New York, Oct. 12 - NR Finance Mexico SA de CV Sofol said it sold Ps. 250 million of 28-day certificados bursatiles (MX-1/MxA-1+) at 99.289111 to yield 9.21% via an auction on Wednesday.

Bids ranged from 9.21 to 9.24%.

Nissan Motor Acceptance Corp. will guarantee the issue.

Scotia Inverlat Casa de Bolsa SA de CV was the auction agent for the transaction.

The issue number is 035 in NR Finance's certificados bursatiles program.

The issuer, based in Mexico City, is the financial arm for Nissan in Mexico.

Issuer: NR Finance Mexico SA de CV Sofol

Amount: Ps. 250 million

Issue: Certificados bursatiles

Maturity date: Nov. 10, 2005

Issue price: 99.289111

Discount yield: 9.14%

Yield: 9.21%

Pricing date: Oct. 12

Settlement date Oct. 13

Auction agent: Scotia Inverlat Casa de Bolsa SA de CV

Ratings: Moody's: MX-1

Standard & Poor's: MxA-1+

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.