Mexico's Minera Autlan issues $10 million in certificates

Monday, 05 February 2018 23:22:15 (GMT+3)   |   Sao Paulo
       

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.


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