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Published on 9/26/2006 in the Prospect News Emerging Markets Daily.

New Issue: Mexico announces results of government auction

By Reshmi Basu

New York, Sept. 26 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 7.05%. Bids ranged from 7.02% to 7.06%. Of the Ps. 17.313 billion bids tendered, Ps. 4.5 billion bids were accepted. Last week's yield on the 28-day bills was 7.05%.

The 91-day Cetes bills were priced to yield 7.19%. Bids ranged from 7.16% to 7.21%. Of the Ps. 21.964 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.16%.

The 182-day Cetes bills were priced at 7.41%. Bids ranged from 7.36% to 7.43%. Of the Ps. 24.764 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 182-day bills was 7.32%.

The 364-day Cetes bills were priced at 7.53%. Bids ranged from 7.51% to 7.56%. Of the Ps. 21.450 billion bids tendered, Ps. 5.6 billion bids were accepted. The previous yield on the 364-day bills was 7.40%.

Meanwhile the 10% bonos 20A due 2024 were priced at 114.08 to yield 8.47%. Of the Ps. 15.435 billion bids tendered, Ps. 3.1 billion bids were accepted. Minimum and maximum bids were 114.08. The previous issue priced at 115.125 to yield 8.38%.

Type of bondDemandAmount soldYield
28-day CetesPs. 17.313 billionPs. 4.5 billion7.05%
91-day CetesPs. 21.964 billionPs. 6 billion7.19%
182-day CetesPs. 24.764 billionPs. 5.4 billion7.41%
364-day CetesPs. 21.450 billionPs. 5.6 billion7.53%
Type of bondDemandAmount soldIssue price/yield
10% bonos 20A due 2024Ps. 15.435 billionPs. 3.1 billion114.08/8.47%

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