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Published on 12/14/2005 in the Prospect News Emerging Markets Daily.

New Issue: NR Finance Mexico Ps. 250 million 42-day certificados bursatiles yield 8.37%

By Reshmi Basu

New York, Dec. 14 - NR Finance Mexico SA de CV Sofol sold Ps. 250 million of 42-day certificados bursatiles (MX-1/MxA-1+) at 99.032833 to yield 8.37% via an auction on Wednesday.

Bids ranged from 8.29% to 8.40%.

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 044 in NR Finance's current 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:Jan. 26, 2006
Issue price:99.032833
Discount rate:8.29%
Yield:8.37%
Pricing date:Dec. 14
Settlement date:Dec. 15
Auction agent:Scotia Inverlat Casa de Bolsa SA de CV
Ratings:Moody's: MX-1
Standard & Poor's: MxA-1+

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