What is Urbi’s net debt?
As of December 31, 2007 and December 31, 2006, the company had MX$5,503.5 million and MX$4,951.5 million, respectively, in total indebtedness. The indebtedness level for credit lines and long-term debt increased in MX$522 million in 2007, due the issuance of peso denominated bonds for MX$1,000 million, compensated by the payments performed during the period of other credit lines and bonds. The indebtedness level of the company includes the debt incurred for by its subsidiaries, which are mainly credit lines from banks. As of December 31 2007, and December 31 2006, the company had MX$5,503.5 million and MX$4,951.5 million of debt, respectively, including MX$8.6 million and MX$9.6 million of guaranteed debt, respectively.
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