UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 1999
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DESC, S.A. DE C.V.
(Translation of registrant's name into English)
PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F. Form 20-F [X] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________.
NY2:\842640\01\$26_01!.DOC\41150.0012
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Desc, S.A. de C.V.
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(Registrant)
Date: October 25, 1999 By /s/ Ernesto Vega Velasco
- ---------------------- -------------------------------
(Signature)*
Name: Ernesto Vega Velasco
Title: Chief Financial Officer
* Print the name and title under the signature of the signing officer.
2
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EXHIBIT INDEX
Sequential
Item Page Number
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1. Notice sent to the Mexican Stock Exchange announcing launching
of Desc's Ps.3 billion UDI Note Program [UDIs are inflation
indexed instruments issued in pesos in Mexico].........................4
3
[Desc Logo]
DESC, S.A. DE C.V., ISSUES A 3 BILLION PESOS MEDIUM TERM UDI
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NOTE PROGRAM
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October 20th 1999 Mexico City.- DESC, S.A. de C.V. (NYSE: DES; BMV: DESC)
Desc S.A. de C.V. announced that they launched a 3 billion pesos
program of medium term UDI notes with maturities of up to seven years. This
program was rated by Duff & Phelps with a MAA grade. Under this program Desc
will make different issues up to the amount before mentioned, with the objective
to achieve better conditions and amortization schedules for its debt.
Chase Manhattan Mexico is the Lead Structure Agent for the program and
Casa de Bolsa BBV-Probursa S.A. de C.V. will be the Placement Agent; the first
issue of notes will be managed by Chase Manhattan Bank Mexico and Casa de Bolsa
BBV-Probursa S.A. de C.V.
4
