Mexican glass manufacturer Vitro has placed MXP 50 million (USD 4.45 million/EUR 3.41 million) in 84-day debt instruments, it was reported on 21 January 2005.
The bonds carry an 11.54% annual rate an…
Mexican glass manufacturer Vitro has placed MXP 50 million (USD 4.45 million/EUR 3.41 million) in 84-day debt instruments, it was reported on 21 January 2005. The bonds carry an 11.54% annual rate and mature on 15 April 2005. The Mexican unit of the international credit rating agency Fitch Ratings has assigned the bonds an F2 (mex) rating. The bond issue is part of an MXP 500 million (USD 44.5 million/EUR 34.1 million) company debt programme. Vitro makes flat glass, glass containers and glassware. Its subsidiaries serve multiple product markets, including construction and automotive glass, food and beverage, wine, liquor, cosmetics and pharmaceutical glass containers, glassware for commercial, industrial and retail uses, as well as aluminium containers. Vitro also produces raw materials, and equipment and capital goods for industrial use. Vitro subsidiaries have plants and distribution centres in nine countries and export to more than 70 countries worldwide.