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 November, 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:\850098\01\$7X%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.
(Registrant)
Date: November 46, 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.
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EXHIBIT INDEX
Sequential
Item Page Number
1. Press Release announcing Registrant's issuance of
Ps. 850 million UDI denominated medium term notes
in the Mexican Market ................................. 4
3
[Desc Logo] FOR IMMEDIATE RELEASE
Contact: DESC
Arturo D'Acosta Ruiz
Mariana Alvarez Neder
011 525 261 8000
[email protected]
- or -
CITIGATE DEWE ROGERSON
Mikhal Stein
305 381 6500
[email protected]
DESC, S.A. DE C.V., ISSUES 850 MILLION PESOS MEDIUM
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TERM NOTES IN THE DOMESTIC MARKET
---------------------------------
MEXICO CITY, Mexico, November 10, 1999 -- DESC, S.A. de C.V. (NYSE:
DES; BMV: DESC)
Desc S.A. de C.V. and Chase Manhattan Bank Mexico issued the first
tranche of medium term notes under the 3 billion pesos program previously
announced by the Company and previously authorized by the CNBV. This issue is
for 850 million pesos and is rated by Duff & Phelps with a MAA grade. The real
net rate is 9% and is UDIs denominated.
With this transaction Desc and Chase achieved the biggest corporate
debt issue seen in the domestic [Mexican] market, with a term of 7 years and the
best financing conditions in UDIS to date.
BBV - Probursa was the Placement Agent
DESC S.A. DE C.V.
PASEO DEL LOS TAMARINDOS 400-B
BOSQUES DE LAS LOMAS
05120 MEXICO D.F.
WWW.DESC.COM.MX
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