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BANCO NACIONAL DE MEXICO PLACES US$175 MILLION IN NEW GLOBAL MTN PROGRAM; RETURNS TO INTERNATIONAL SENIOR DEBT MARKETS

 MEXICO CITY, March 26 /PRNewswire/ -- Banco Nacional de Mexico (Banamex) today announced the placement of US$175 million of medium term notes among U.S., European and Asian investors. The placement is the first tranche in a newly established global medium term note program and marks Banamex' return to the international senior debt markets after a ten-year absence.
 The program, which allows up to US$500 million in notes outstanding, will permit Banamex to decide the timing and size of future issues that can be denominated in the principal international currencies, including U.S. dollars, Japanese yen, Deutsche marks, among others.
 With this global medium term note program, Banco National de Mexico further diversifies its international sources of funding while increasing their maturity. In the process, the bank reduces its financing costs, which in turn will allow it to offer its clients better credit conditions.
 The first issue will mature in seven years and includes a five-year put option of the investor. The financing cost for the issue is 350 basis points over U.S. treasuries if the put is not exercised, or 330 basis points over U.S. treasuries if exercised.
 The lead dealer is Bankers Trust International. Other institutions acting as dealers include Acciones y Valores de Mexico, Bear Stearns, Chase Manhattan Bank, Chemical Bank, Citibank, Deutsche Sudamerikanische, J.P. Morgan, Lehman Brothers, Nacional Financiera, Oppenheimer & Co., Salomon Brothers and Swiss Bank Corporation.
 -0- 3/26/93
 /CONTACT: Pablo de la Peza, 52-5-225-6242 or Jorge Hierro, 52-5-225-4445, both of Banco Nacional de Mexico, or John McInerney of Dewe Rogerson Inc., 212-688-6840, for Banco Nacional de Mexico/


CO: Banco Nacional de Mexico ST: IN: FIN SU

TS-AH -- NY016 -- 9999 03/26/93 10:23 EST
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Publication:PR Newswire
Date:Mar 26, 1993
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