Controladora Comerical Mexicana tenders for UDIs 172.9 million 8% debentures

By Caroline Salls

Pittsburgh, May 18 - Controladora Comercial Mexicana, SA de CV will launch a tender offer for all Unidades de Inversion (UDIs) 172.9 million of its 8% 10-year medium- and long-term debentures due Dec. 8, 2010, according to a company news release.

Subject to certain conditions, on the seventh business day of the tender offer period, the company will determine a minimum price for the acquisition of the notes using the prevailing market conditions and the reference prices provided by appraisers.

On that day, the noteholders will determine the price they are willing to accept for the tender.

The tender offer expires June 2.

Casa de Bolsa Credit Suisse First Boston (Mexico), SA de CV (call 5283 8900) is the agent for the tender offer.

Controladora Comercial is a Mexican food retailer.

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