Vitro Issued in Mexico Six-Year Medium Term Note for $96 Million

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.

600450 Vitro Issued in Mexico Six-Year Medium Term Note for $96 Million
Date: 20 January 2003
Source: Glass Digest Magazine

See more news about:

Others also read

Mountain views, energy efficiency highlight new Ent Center at UC Colorado Springs.
New site highlights the beauty, durability and value of premium shower glass.
Advanced low-e glass glazings fulfill demand for clarity, solar control performance.
Multinational clothing retailer H&M wants people to “stop in their tracks” when they see the company’s first flagship store in Canada.
Skylight replacement part of extensive renovation of iconic structure on historic site.

From industry


Vitro Architectural Glass (Formerly PPG Glass)
Vitro Architectural Glass (Formerly PPG Glass)

Add new comment