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Published on 9/21/2005 in the Prospect News Emerging Markets Daily.

New Issue: NR Finance Mexico sells Ps. 250 million 28-day certificados bursatiles at 9.28%

By Reshmi Basu

New York, Sept. 21 - NR Finance Mexico SA de CV Sofol said it sold Ps. 250 million of 28-day certificados bursatiles (MX-1/mxA-1+) at 99.283667 to yield 9.28% 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 settlement date is Sept. 22. The issue number is 032 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

Guarantor: Nissan Motor Acceptance Corp.

Amount: Ps. 250 million

Issue: Certificados bursatiles

Maturity: Oct. 20, 2005

Issue price: 99. 283667

Discount rate: 9.21%

Yield: 9.33%

Auction date: Sept. 21

Settlement date:Sept. 22
Auction agent: Scotia Inverlat Casa de Bolsa SA de CV
Ratings: Moody's: MX-1.
Standard & Poor's: MxA-1+

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