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Published on 10/17/2006 in the Prospect News Emerging Markets Daily.

Mexico announces results of government auction

By Reshmi Basu

New York, Oct. 17 - 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. 18.4 billion bids tendered, Ps. 4.5 billion bids were accepted. Last week's yield on the 28-day bills was 7.06%.

The 91-day Cetes bills were priced to yield 7.21%. Bids ranged from 7.18% to 7.24%. Of the Ps. 19.433 billion bids tendered, Ps. 6 billion bids were accepted. Last week's yield on the 91-day bills was 7.24%.

The 175-day Cetes bills were priced at 7.41%. Bids ranged from 7.39% to 7.42%. Of the Ps. 28.476 billion bids tendered, Ps. 5.4 billion bids were accepted. The previous yield on the 175-day bills was 7.48%.

Meanwhile the bondes D due 1092-days were priced at 99.51616. Bids ranged from 99.50794 to 99.52557. Of the Ps. 3.4 billion bids tendered, Ps. 750 million bids were accepted. The previous price was 99.51935.

The 8½% bonos 5A due 2011 were priced at 102.39494 to yield 7.88%. Of the Ps. 11 billion bids tendered, Ps. 3 billion bids were accepted. Minimum and maximum bids were 102.39494. The previous issue priced at 102.7882 to yield 7.79%.

And the 5% UDI bonos 10A due 2016 were priced at 107.7 to yield 4.04%. Of the Ps. 1.946 billion bids tendered, Ps. 600 million bids were accepted. Minimum and maximum bids were 107.7. The previous issue priced at 108.09to yield 4%.

Type of bondDemandAmount soldYield
28-day CetesPs. 18.4 billionPs. 4.5 billion 7.05%
91-day CetesPs. 19.433 billionPs. 6 billion7.21%
175-day CetesPs. 28.476 billionPs. 5.4 billion 7.41%
Type of bondDemandAmount soldIssue price/yield
Bondes D due 1092-daysPs. 3.4 billionPs. 750 million 99.51616
8 ½% bonos 5A due 2011Ps. 11 billion Ps. 3 billion 102.39494/7.88%
5% UDI bonos 10A due 2016Ps. 1.946 billion Ps. 600 million 107.7/4.04%

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