By Reshmi Basu
New York, Nov. 29- Mexico's Ministry of Finance announced the results of this week's government securities auction.
The 28-day Cetes bills were priced to yield 8.50%. Bids ranged from 8.46% to 8.53%. Of the Ps. 12.030 billion bids tendered, Ps. 4 billion bids were accepted. The previous yield on the 28-day bills was 8.61%.
The 91-day Cetes bills were priced to yield 8.49%. Bids ranged from 8.46% to 8.50%. Of the Ps. 27.694 billion bids tendered, Ps. 5.5 billion bids were accepted. The previous yield on the 91-day bills was 8.64%.
The 175-day Cetes bills were priced at 8.50%. Bids ranged from 8.49% to 8.51%. Of the Ps. 24.919 billion bids tendered, Ps. 4.8 billion bids were accepted. The previous yield on the 175-day bills was 8.59%.
Meanwhile the 9% bonds 3A due 2007 priced at 101.46438 to yield 8.22%. Minimum and maximum bids were 101.46438. Of Ps. 4.480 billion bids tendered, Ps. 2.3 billion were accepted. The previous issue priced at 101.13170 to yield 8.41%
The 9% bonos 7A due 2011 priced at 102.55 to yield 8.46%. The minimum and maximum bids were 102.55. Of Ps. 6.49 billion bids tendered, Ps. 2.2 billion were accepted. The previous issue priced at 100.69 to yield 8.85%.
| Type of bond | Demand | Amount sold | Yield
|
| 28-day Cetes | Ps. 12.030 billion | Ps. 4 billion | 8.50%
|
| 91-day Cetes | Ps. 27.694 billion | Ps. 5.5 billion | 8.49%
|
| 175-day Cetes | Ps. 24.919 billion | Ps. 4.8 billion | 8.50%
|
|
|
| Type of bond | Demand | Amount sold | Issue price/ yield
|
| 9% bonos due 3A 2007 | Ps. 4.480 billion | Ps. 2.3 billion | 101.46438/8.22%
|
| 9% bonos 7A due 2011 | Ps. 6.49 billion | Ps. 2.2 billion | 102.55/8.46%
|
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