Mexico's Grupo Televisa to launch tender offer for medium-term notes

By Reshmi Basu

New York, March 8 - Grupo Televisa SA, said it will launch a cash tender offer for its medium-term notes issued on April 14, 2000.

Credit Suisse First Boston is managing the tender offer.

The notes have a tenor of seven years.

On the second business day of the tender offer, Televisa will determine a minimum price to buy back the notes. Noteholders can submit offer prices to CSFB.

The final tender offer will be equal or higher than the minimum price initially established.

Grupo Televisa, based in Colonia Sante Fe, Mexico, is Mexico's number one television broadcaster.

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