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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 April , 2000
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DESC, S.A. DE C.V.
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(Translation of registrant's name into English)
PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
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(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:\904670\01\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: April 20, 2000 By /s/ Ernesto Vega Velasco
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(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
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Sequential
Item Page Number
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1. Press Release announcing issuance of Registrant's
second tranche of UDI notes in Mexico ......................... 4
2. Press Release regarding April 13, 2000 unusual trade activity
in Registrant's C Shares in Mexican Stock Exchange............. 5
3
EXHIBIT 1
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[Desc Logo] FOR IMMEDIATE RELEASE
DESC WILL ISSUE ITS SECOND PLACEMENT OF MEDIUM TERM NOTES THROUGH
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BBV PROBURSA AND INBURSA
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Mexico City, April 12, 2000 - DESC, S.A. de C.V. (NYSE: DES; BMV:
DESC) (the "Company"), announced today that it will complete a second placement
of medium term notes for an approximate amount of Ps. 1 billion, in equivalent
Units of Investment (UDIS), with a maturity period of seven years. This issue
has received an MAA rating by ratings agency Duff & Phelps.
The placement and registration agents will be Casa de Bolsa BBV
Probursa and Inversora Bursatil (Inbursa). The common representative will be
Casa de Bolsa Inverlat.
The following are among the objectives of the placement:
>> The replacement of short term debt by long term debt
>> The execution of our strategy to minimize exposure to foreign currencies
>> To take advantage of the positive outlook for inflation in Mexico
This placement will be done under the Ps. 3 billion program
authorized by the Mexican National Banking and Securities Commission (CNBV),
from which Ps. 850 million (or 324 million in UDIS) has already been placed in
October of 1999.
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<S> <C> <C> <C>
Arturo D'Acosta Ruiz Alejandro de la Barreda Alex Cancio, Peter Firestein Web Page
Corporate Treasury Director Manager of Investor Relations Thomson Financial www.desc.com.mx
525 261 80 00 ext 2830 525 261 8000 ext 2813 Investor Relations ---------------
[email protected] 212 701 1973
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EXHIBIT 2
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[Desc Logo]
DESC INFORMS OF AN IMPORTANT VOLUME ACTIVITY OF ITS SERIES C SHARES
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Mexico City, April 13, 2000 - DESC, S.A. de C.V. (NYSE: DES; BMV:
DESC) (the "Company") announced today that its series C share has up until 2:30
pm Mexico City time been trading at volumes of approximately 60 million shares,
16,100,000 of which were repurchased by the Company's Treasury due to the fact
that, as per the Board of Directors' opinion, current price levels of the series
C shares are at attractive levels for repurchase. The rest of the volume is
comprised by investors other than Desc.
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<S> <C> <C> <C>
Arturo D'Acosta Ruiz Alejandro de la Barreda Alex Cancio, Peter Firestein Web Page
Corporate Treasury Director Manager of Investor Relations Thomson Financial www.desc.com.mx
525 261 80 00 ext 2830 525 261 8000 ext 2813 Investor Relations ---------------
[email protected] 212 701 1973
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</TABLE>
