By Reshmi Basu
New York, March 8 - Sare Holdings SA de CV Sofol issued Ps. 500 million of four-year certificados bursatiles (A3.mx/mx.A-/A-(mex)) at par to yield 28-day TIIE plus 215 basis points via an auction on Wednesday.
Bids ranged from 8.81% to 8.87%.
Scotia Inverlat Casa de Bolsa SA de CV was the auction agent for the transaction.
The issue number is 011 in Sare's current certificados bursatiles program.
Mexico City-based Sare is involved in developing, promoting, designing, constructing and marketing lower and middle income and residential housing.
| Issuer: | Sare Holdings SA de CV Sofol
|
| Amount: | Ps. 500 million
|
| Issue: | Certificados bursatiles
|
| Maturity: | March 5, 2010
|
| Issue price: | Par
|
| Interest rate: | 28-day TIIE plus 215 basis points
|
| Auction date: | March 8
|
| Settlement date: | March 9
|
| Auction agent: | Scotia Inverlat Casa de Bolsa SA de CV
|
| Ratings: | Moody's: A3.mx
|
| Standard & Poor's: mx.A-
|
| Fitch: A-(mex)
|
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