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Published on 2/3/2006 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

New Issue: Mexico's Vitro Envases de Norteamerica sells $75 million of one-year notes

By Reshmi Basu

New York, Feb. 3- Vitro Envases de Norteamerica sold $75 million of senior secured guaranteed notes due Feb. 7, 2007 at 92.497 for an internal rate of return of 8%, according to a market source.

BCP Securities, LLC was the bookrunner for the transaction, which priced Wednesday.

The issuer is a subsidiary of Vitro, a San Pedro Garza Garcia, Nuevo Leon, Mexico, glassmaker.

Issuer: Vitro Envases de Norteamerica

Amount: $75 million

Issue: Senior secured guaranteed notes

Maturity: Feb. 7, 2007

Coupon: 0%

Issue price: 92.497

Internal rate of return:8%
Call option: Callable on May 9, 2006 at 94.84
Pricing date: Feb. 1
Settlement date:Feb. 7
Bookrunner: BCP Securities, LLC

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