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Article: Grupo Dina Completes USD 30 Million Note Placement
- Article from:
- PR Newswire
- Article date:
- July 3, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY, July 3 /PRNewswire/ -- Consorcio G Grupo Dina, S.A. de C.V. (NYSE: DIN, DINL), through its indirect subsidiary MCII Buses (USA), Inc., has successfully completed the placement of USD 30 million of Guaranteed Pre- Export Notes with international investors. These six month securities carry a 10.00% coupon and a maturity date of November 26, 1997. Repayment of the Notes is guaranteed by Consorcio G Grupo Dina and Dina Autobuses on a joint and several basis. Proceeds of the issue will be used primarily by Mexico- based Dina Autobuses for working capital requirements related to the manufacture of motor coaches by Autobuses for export sale into the United ...
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