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TMM ANNOUNCES COMPLETION OF SECOND YANKEE DEBT OFFERING

 NEW YORK and MEXICO CITY, Oct. 6 /PRNewswire/ -- Transportacion Maritima Mexicana, S.A. de C.V. (NYSE: TMM, TMM.A), announced it today priced $150 million of SEC registered notes. The notes, which will mature on Oct. 15, 2000, were priced at 99.353 percent of par with a coupon of 8.5 percent. The proceeds of the issue will be used to repay existing bank debt. The notes were rated "Ba2" by Moody's and "BB-" by Standard & Poor's.
 This is the second Yankee debt offering by TMM in 1993 and is only the second SEC registered debt offering by a private sector issuer from Latin America. TMM's issuance of $200 million 9.25 percent notes due 2003 in May was the first Yankee debt offering by a Latin American private sector issuer.
 Both deals were lead managed by Bear, Stearns & Co. Inc. Chase Securities, Inc., and Citicorp Securities, Inc., were co-managers on the 8.5 percent notes due 2000.
 TMM is Mexico's largest maritime shipping company and the leader among world carriers serving Mexico.
 -0- 10/6/93
 /CONTACT: Pedro Mejorada of TMM, in Mexico City, 011-525-606-4811; or Fern Lazar of Dewe Rogerson, in New York, 212-688-6840/
 (TMM)


CO: Transportacion Maritima Mexicana, S.A. de C.V. ST: New York IN: MAR SU: OFR

GK-OS -- NY057 -- 1152 10/06/93 14:09 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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