Mexican glassmaker Vitro SA de CV is planning to sell around USD 250 million of 10-year bonds in the coming weeks, the company said in an statement on 29 September 2003. Vitro intends to use the proce…
Mexican glassmaker Vitro SA de CV is planning to sell around USD 250 million of 10-year bonds in the coming weeks, the company said in an statement on 29 September 2003. Vitro intends to use the proceeds of the sale to repay indebtedness. Credit Suisse First Boston and Citigroup are managing the deal, a source close to the with the issue said. The new bonds will follow several other Latin American deals to reach the market recently, including those from Brazil, Venezuela, and the Brazilian brewer Companhia de Bebidas das Americas SA. Market conditions have been healthy in emerging markets debt in a low international lending rate environment in 2003.