Alfa SA, Mexico's largest industrial group in terms of sales, said it received a $100 million bank loan to pay short-term debt.

The loan, which has a three-year maturity, will pay a floating interest rate tied to a Mexican government bond that matures in 2007.

Lenders include HSBC Holdings PLC, Banco Santander SA, J.P. Morgan & Co., Credit Suisse First Boston, Banco Bilbao Vizcaya SA, Citibank, Banque Nationale de Paris SA, and Banco Nacional de Mexico SA.

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