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Vitro $250 million 10-year notes talked at 11½%-12%, pricing Friday
By Paul A. Harris
St. Louis, Oct. 7 - Price talk of 11½%-12% was heard Tuesday on Vitro SA de CV's upcoming sale of $250 million 10-year senior unsecured notes (B2/B-), according to a market source.
The deal is expected to price on Friday, the source added.
Citigroup and Credit Suisse First Boston are joint bookrunners on the Rule 144A sale.
The notes will be non-callable for five years.
The San Pedro Garza García, Mexico-based glass maker will use proceeds to redeem notes and repay other debt.
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