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.