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Short-Term Debt | 12 Months Ended
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Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract] |
Short-term debt |
12. | Short-term debt
On October 22, 1997 and August 17, 1998, the Company offered the holders of medium-term notes of Simec then outstanding to exchange their bonds at par for new subordinated bonds in third place. The new notes bear semi-annual interest at an annual rate of 10.5% interest and principal repayments were semiannual from May 15, 2000 until November 15, 2007. At December 31, 2021 and 2020, the amount of the bonds not exchanged totaled USD$ 0.3 million, plus accrued interest. At December 31, 2021 and 2020, liabilities in pesos for the bonds not exchanged amounted $ 6,196 and $ 6,020, respectively.

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