Paccar Mexico to sell Ps. 374 million of certificados bursatiles in two tranches

By Reshmi Basu

New York, Jan. 24 - Paccar Mexico SA de CV Sofol plans to sell a total of Ps. 374 million in two tranches of certificados bursatiles (/mxA-1+/) on Wednesday.

The issuer plans to sell Ps. 350 million of 28-day certificados bursatiles. The maturity date is Feb. 23, 2006.

The second tranche includes Ps. 24 million of 91-day certificados bursatiles. The maturity date for the issue is April 27, 2006.

Scotia Inverlat Casa de Bolsa SA de CV is the auction agent for both transactions.

Settlement for the issue is scheduled for Thursday.

The 28-day issue is 006 in Paccar's current certificados bursatiles program, and the 91-day issue is 007.

The Mexicali, Baja California-based issuer is truck manufacturer and a subsidiary of Bellevue, Wash.-based Paccar Inc.

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