| Companies |
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Vitro Issued in Mexico Six-Year Medium Term Note for $96 Million
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Vitro announced that on December 30, 2002, it issued a medium term note (Certificados Bursátiles) in the Mexican market for approximately $96 million maturing on December 22, 2008. The note will bear an interest rate of 325 basis points over the 182-day Mexican CETES.
This issue was granted a rating of AA by Fitch México S.A. de C.V., rating agency. The rating implies a more solid credit rating relative to other issuers or issues in Mexico.
This transaction is part of Vitro's previously stated strategy to strengthen the company's financial position while maintaining a presence in the capital markets.
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January 20th, 2003
Source: Glass Digest Magazine |
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