Mexican ferroalloys and manganese producer Minera Autlan said it has issued MXN 200 million ($10 million) in short term revolving tradeable certificates, also known as certificados bursatiles.
The issuance of $10 million in certificates is part of a broader program of up to MXN 1.5 billion ($80 million) in certificates to fund the company’s investment and corporate needs.
Minera Autlan said it will use the proceeds of the $10 million issuance of certificates to back its general corporate needs, to pay liabilities, and support investments.