Mexico announces results of government auction

By Reshmi Basu

New York, Nov. 15 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 8.68%. Bids ranged from 8.59% to 8.75%. Of the Ps. 9.957 billion bids tendered, Ps. 4 billion bids were accepted. The previous yield on the 28-day bills was 8.73%.

The 91-day Cetes bills were priced to yield 8.72%. Bids ranged from 8.68% to 8.73%. Of the Ps. 21.839 billion bids tendered, Ps. 5.5 billion bids were accepted. The previous yield on the 91-day bills was 8.77%.

The 175-day Cetes bills were priced at 8.67%. Bids ranged from 8.64% to 8.68%. Of the Ps. 19.496 billion bids tendered, Ps. 4.8 billion bids were accepted. The previous yield on the 175-day bills was 8.76%.

Meanwhile the 9% bonds 5A due 2009 priced at 102.19368 to yield 8.36%. Minimum and maximum bids were 102.19268. Of Ps. 7.280 billion bids tendered, Ps. 2.2 billion were accepted. The previous issue priced at 102.07691 to yield 8.40%

The UDI 4½% bonos 10A due 2014 priced at 99.9214 to yield 4.51%. The minimum and maximum bids were 99.9214. Of Ps. 1.836 billion bids tendered, Ps. 555 million were accepted. The previous issue priced at 100.75014 to yield 4.40%.

Type of bond/	Demand	Amount sold	Yield
28-day Cetes	Ps. 9.957 billion	Ps. 4billion	8.68%
91-day Cetes	Ps. 21.839 billion	Ps. 5.5 billion	8.72%
175-day Cetes	Ps. 19.496 billion	Ps. 4.8 billion	8.67%
Type of bond	Demand	Amount sold	Issue price/ yield
9% bonos 5A due 2008	Ps. 7.280 billion	Ps. 2.2 billion	102.19268/8.36%
UDI 4½% bonos 10A due 2014	Ps. 1.836 billion	Ps. 555 million	99.9214/4.51%

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