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Published on 11/22/2005 in the Prospect News Emerging Markets Daily.

Mexico announces results of government auction

New York, Nov. 22 - Mexico's Ministry of Finance announced the results of this week's government securities auction.

The 28-day Cetes bills were priced to yield 8.61%. Bids ranged from 8.59% to 9.22%. Of the Ps. 13.885 billion bids tendered, Ps. 4 billion bids were accepted. The previous yield on the 28-day bills was 8.68%.

The 91-day Cetes bills were priced to yield 8.64%. Bids ranged from 8.62% to 9.22%. Of the Ps. 24.723 billion bids tendered, Ps. 5.5 billion bids were accepted. The previous yield on the 91-day bills was 8.72%.

The 182-day Cetes bills were priced at 8.59%. Bids ranged from 8.57% to 8.61%. Of the Ps. 18.223 billion bids tendered, Ps. 4.8 billion bids were accepted. The previous yield on the 175-day bills was 8.67%.

The 336-day Cetes bills were priced at 8.52%. Bids ranged from 8.45% to 8.91%. Of the Ps. 13.152 billion bids tendered, Ps. 5 billion bids were accepted. The previous yield on the 336-day bills was 8.81%.

Meanwhile the Bondes 182 bonds priced at 99.42536. Minimum and maximum bids were 98.56000 and 99.43859. Of Ps. 1.570 billion bids tendered, Ps. 600 million were accepted. The previous issue priced at 99.46115.

The 10% Bonos 20A due 2024 priced at 109.64780 to yield 8.94%. The minimum and maximum bids were 107.62070 and 110.33690. Of Ps. 5.784 billion bids tendered, Ps. 2.3 billion were accepted. The previous issue priced at 108.30000 to yield 9.08%.

Type of bondDemandAmount soldYield
28-day CetesPs. 13.885 billionPs. 4 billion8.61%
91-day CetesPs. 24.723 billionPs. 5.5 billion8.64%
182-day CetesPs. 18.223 billionPs. 4.8 billion 8.59%
336-day CetesPs. 13.152 billionPs. 5 billion 8.52%
Type of bondDemandAmount soldIssue price/ yield
Bondes 182Ps. 1.570 billionPs. 600 million99.42536
10% Bonos 20A due 2024Ps. 5.784 billion Ps. 2.3 billion109.64780/8.94%

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